RNS Number: 8082 M Eddie Stobart Logistics PLC 18 September 2019 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS...
RNS Number: 8070 M DBAY Advisors Limited 18 September 2019 FORM 8. PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER. Rules 8.1 and 8.2 of the Takeover Code.
Eddie Stobart Logistics (ESL) warned that underlying operating profit for the full 2019 financial year will be “significantly below the board’s expectations” due to poor performance, delays in the implementation of operational efficiencies, provisions made against customer receivables, and delays on a significant property consultation project. It’s also taken on more debt following “substantial” demands on working capital, and is in discussions with its lenders as it relies more heavily on existing debt facilities. Eddie Stobart has yet to report it interim results, and shares will remain suspended at 71p until it does so.
Eddie Stobart Logistics Plc (ESL.L) Announced that on 23 August 2019, the company announced, amongst other things, that work was ongoing to clarify the impact of certain accounting-related items following the Group's review of the unaudited interim results for the six months to 31 May 2019. While work remains ongoing in this regard, the company expects that revenue for the first half will be approximately £450.00 million and underlying EBIT for the same period is expected to be in the range of £10.00 million to £11.00 million. Net debt at 31 May is expected to be approximately £155.00 million.
Eddie Stobart Logistics plc, a leading UK end-to-end supply chain, transport and logistics group, announces an update on its position following its announcement of 23 August 2019.. Whilst work remains ongoing in this regard, the Company expects that revenue for the first half will be approximately £450 million and Underlying EBIT 1 for the same period is...
RNS Number: 9484 L Takeover Panel 11 September 2019 2019/ 15. To determine the number of Eddie Stobart ordinary shares in which a person is interested as a result of holding exchangeable bonds, the exchange ratio of 842.1053 per £1,000 should be used. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY. A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE. Rule 8.3 of the Takeover Code.
Eddie Stobart Logistics (ESL) confirmed that it has received a preliminary expression of interest from DBAY Advisors relating to a potential takeover offer by one of its funds. DBAY will have until 5pm on 7 October to make a formal offer. Shares in Eddie Stobart have been suspended since 23 August amid an accounting investigation.
Haulage group Eddie Stobart Logistics has disclosed that it has received a preliminary expression of interest about a possible offer from asset management firm DBAY Advisors, its third biggest investor with a 10% holding. The group suspended trading in its shares and announced the departure of chief executive Alex Laffey last month after uncovering further problems with its accounts. It says there can be no certainty that an offer will be made or about the terms of any offer. A further announcement will be made “when appropriate”.
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY. A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE. Rule 8.3 of the Takeover Code.
RNS Number: 5830 L Eddie Stobart Logistics PLC 09 September 2019 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS...
Eddie Stobart (ESL.L) SUSPENDED The UK end-to-end supply chain, transport and logistics group, announces that Alex Laffey will stand down as Chief Executive of the Group with immediate effect. Sebastien Desreumaux, currently CEO, iForce and Head of Contract Logistics, will take over as Chief Executive, and is expected to be appointed to the Board in due course. Sebastien, who joined Eddie Stobart in 2018, has extensive experience in the logistics sector, including 20 years spent with Norbert Dentressangle (now part of XPO Logistics). Revenue recognition policies are under review. While revenue expectations for the first half are broadly in line with previous guidance, the full impact of these items on Adjusted EBIT is unclear, but it is likely to be significantly lower than anticipated at the time of the Half Year Trading Update on 9 July 2019. Results delayed till September. Suspended today.
Eddie Stobart Logistics Plc (ESL.L) Announced that Alex Laffey will stand down as Chief Executive Officer (CEO) of the Group with immediate effect. Sebastien Desreumaux, currently CEO, iForce and Head of Contract Logistics, will take over as Chief Executive, and is expected to be appointed to the Board in due course.
RNS Number: 9958 J AIM 23 August 2019. ORDINARY SHARES OF GBP0.01 EACH, FULLY PAID. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0017 K Eddie Stobart Logistics PLC 23 August 2019 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations No. 596/ 2014. Upon the publication of this Announcement via Regulatory Information Service, this inside information is now considered to...
Forecasts reduced, material value upside remains Eddie Stobart Logistics We prudently cut our FY19 and FY20 EBIT forecasts for Eddie Stobart Logistics (ESL) by 5% and 6% respectively post the H1 trading update highlighting solid revenue growth, but EBIT at the low end of management expectations and a 4% downward revision to the last reported adjusted EBIT. Despite this, our forecast FY19 EBIT margin remains at the top end of logistics peers and, even on our revised numbers, the stock is trading at a significant discount to peers, offering an attractive c 9% dividend yield. Analyst Dario Carradori
Eddie Stobart Logistics Plc (ESL.L) Announced, in its trading update for the half year ended 31 May 2019, that group revenues for the period increased by 25% with the comparable period in 2018 as a result of organic growth and a full first half contribution from The Pallet Network. On a like-for-like basis revenues were up 8%, reflecting continuing organic growth and a number of new contract wins. The company’s net debt position stood at £154 million. Further, it expects adjusted EBIT to be towards the lower end of management expectations. However, the company expects to deliver full year results in line with the expectations.
RNS Number: 8669 E Eddie Stobart Logistics PLC 09 July 2019 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations No. 596/ 2014. Upon the publication of this Announcement via Regulatory Information Service, this inside information is now considered to be...
RNS Number: 8496 E Eddie Stobart Logistics PLC 08 July 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 9618 C Eddie Stobart Logistics PLC 21 June 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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Company Profile

Eddie Stobart Ltd was established in 1970. The business has grown into one of the largest transport and distribution companies across Europe.

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Locations

HQ
Stretton Green Distribution Park
Langford Way
Appleton
Warrington
WA4 4TQ
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