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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)
2016A 570.0 47.4 24.0 7.9 13.0 9.5
2017A 624.0 55.3 37.8 9.8 10.5 11.2
2018E 818.0 66.3 50.1 11.5 9.0 9.2
2019E 911.0 77.3 61.1 13.4 7.7 6.6

Last updated on 27/11/2018

Investment summary

Eddie Stobart Logistics (ESL) published its H1 results on 30 August, reporting 25% revenue growth, including 10% organic. Organic growth was boosted by a higher than average level of contract wins and a good performance from the e-commerce division. A flip side of the contract wins was that they incurred network reoptimisation costs and this was the main reason that the EBIT margin declined from 5.9% to 5.0%. Management maintained full-year guidance.

Last updated on 29/11/2018

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 29/11/2018

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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