Eddie Stobart Logistics (ESL)

Business description

Eddie Stobart Logistics is a market leader in end-to-end, multi-modal transport and logistics. Operations are primarily focused in the UK with some activities in mainland Europe. Key customer segments include retail, consumer, industrials and, increasingly, e-commerce.

Y/E Nov Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 496.5 44.5 21.0 5.4 29.4 17.4
2016A 570.2 48.2 26.1 6.9 23.0 19.2
2017E 648.2 55.7 41.4 10.9 14.6 23.0
2018E 741.9 64.4 50.8 12.3 12.9 10.7

Last updated on 20/07/2017

Investment summary

ESL’s pre-close update confirmed the company traded in-line with expectations in the first half and continues to do so going into the second half. H117 sales grew 13% to £287m with a modest expansion in operating margins despite a challenging economic and political backdrop. Integration of the iForce acquisition continues and management highlighted the potential for cost and revenue synergies. In addition, ESL acquired 50% of Speedy Freight, a B2B express freight service provider. CEO Alex Laffey said he remains confident of meeting market expectations for the full year and once again highlighted E-commerce, Manufacturing, Industrial and Bulk as key end-markets for the group.

Last updated on 03/08/2017

Industry outlook

Eddie Stobart Logistics is a market leader in end-to-end, multi-modal transport and logistics. Operations are primarily focused in the UK with some activities in mainland Europe. Key customer segments include retail, consumer, industrials and, increasingly, e-commerce.

Last updated on 03/08/2017

Key management

Alex Laffey, CEO
Damien Harte , FD

Company address

Stretton Green Distribution Park
Langford Way, Appleton
Warrington
WA4 4TQ
United Kingdom
01925 605400
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