Xpediator,, a leading provider of freight management services across the UK and Central and Eastern Europe, announces that, w ith effect from today, Stephen Blyth will step down as CEO of the Group, but will continue as a director in the position of Founder and non-executive Deputy Chairman. He will take responsibility for Affinity and will also manage all UK- based...
#XPD - ''Positive AGM update'' - While there has been a degree of disruption due to COVID-19, this has been less than management expected and mostly offset at the margin level by the action taken on the cost base during Q1. Furthermore, the M&A pipeline is healthy and likely to grow further in the current climate.; and we are encouraged by the H2 bias to trading, the action taken on costs and only a modest reduction in margins. In summary, the UK (2019: 42.1% of revenues), Italy and Spain were the worst affected regions in the period. However, this was not universal with e-commerce, temperature-controlled shipping (food and hygiene product distribution) and stationery (home office/schooling) all performing well. The Group’s operations in the Baltic states and Central & Eastern Europe (“Baltics” and “CEE”, 57.9% of revenues) performed well, reflecting lower impact there of COVID-19. Freight Forwarding and Pall-Ex Romania fared particularly well, exceeding initial expectations. Note also that the Freight Forwarding division is asset light, acting as a broker, and therefore does not have vehicles or drivers standing idle. Where shortages have occurred and prices risen, the Group has been able to pass those cost increases on to customers. We maintain our view that the net cash, NAV of 21p/share and the resilient trading to date offer a high degree of comfort, underpinning the stock in the current environment. - see note here :
Xpediator,, a leading provider of freight management services across the UK and Central and Eastern Europe, announces, that all resolutions proposed to shareholders at its Annual General Meeting held today were passed. Established in 1988 by Stephen Blyth, the Group's international network of offices provides road, sea and air freight services, together with...
Xpediator, a leading provider of freight management services across the UK and Central and Eastern Europe announces, ahead of its annual general meeting later today, an update on the Group's trading performance during 2020.. Approximately 60% of activity takes place in mainland Europe and, in particular, the Group's focus on Central and Eastern European...
RNS Number: 6545 N Xpediator PLC 21 May 2020 21 May 2020. Xpediator, a leading provider of freight management services across the UK and Central and Eastern Europe, has today confirmed the amount and timetable for payment of the scrip dividend announced on 20 April 2020.. The Group will pay a full year scrip dividend of 1.05 pence per ordinary share in respect of the...
RNS Number: 8554 L Xpediator PLC 04 May 2020 4 May 2020. Xpediator, a leading provider of freight management services across the UK and Central and Eastern Europe announces the Company's Annual General Meeting will be held at 700 Avenue West, Skyline 120, Braintree, Essex, CM77 7 AA at 11.00 am on 26 May 2020. Following the UK Government's introduction of social...
#XPD ''Reassuring outcome and actions'' - FY results to December 2019 were ahead of revised expectations across several metrics, not least revenue, profits, net cash and the dividend. 2020 started strongly, albeit trade was then affected by the COVID-19 related measures during March, meaning that Q1 trading was in-line with expectations. Steps have been taken to conserve cash and to reduce costs, with the final dividend payable in shares during Q3. The Group’s strategy continues to be ambitious, targeting organic growth supplemented by acquisitions and the pipeline for the latter is reported as strong. FY20 started well, with Pall-Ex Romania continuing to deliver 20% volume growth and the Freight Forwarding division performing strongly in the CEE region. But activity slowed across most areas during March as the COVID-19 related restrictions took effect. More recently, the Far Eastern and Chinese businesses began to recover towards the end of the quarter following an understandably difficult start to the year. We continue to be encouraged by Management’s actions on costs, the resilient trading, a healthy net cash buffer and the payment of a final dividend. Indeed, the dividend highlights Management’s confidence in the medium-term outlook for the business. The shares are well supported by the Group’s net cash (18% of the market capitalisation) and its NAV of 21p per share. - click here to read full note:
Xpediator Plc, a leading provider of freight management services across the UK and Central and Eastern Europe, is pleased to announce its audited results for the year ended 31 December 2019.. ·Substantial increase in revenues by 19.0% to £213.2 million. ·Delivered ahead of revised expectations with adjusted profit before tax of £5.2 m 1.
#XPD ''Cash rich, asset light'' - Xpediator has issued a COVID-19 related trading update. The key messages are reassuring: the business has a strong balance sheet and is asset light, trading is in line with internal budgets and the group has begun to see activity returning from its Chinese customers following an understandably difficult January and February. We are encouraged by the comprehensive review of costs, the resilient trading to date, a healthy cash buffer, and the underlying confidence shown in still proposing a final dividend for 2019. Trading YTD is broadly in-line with internal expectations, albeit with some areas performing better than others. Freight Forwarding across Europe and Pall-Ex Romania look to have exceeded expectations. Other units such as EMT, which specialises in textiles and fashion, are struggling and revenues from Chinese customers fell sharply in the first ten weeks of the year. The Group benefits from being asset light, in effect acting as a broker with limited overheads and few vehicles owned. And the level of net cash outstanding at the 2019-year end has been reconfirmed at a healthy £6.9m. Not only does the cash provide a degree of comfort, but management has confirmed its intention to pay a final dividend for 2019, highlighting confidence. Notwithstanding the temporary suspension of estimates, we see the net cash level (worth 23% of the market capitalisation) and the historic NAV of 22p per share both underpinning the stock in the current challenging climate. - click here for note:
Xpediator Plc #XPD announced that it intends to publish its audited final results for the year ended 31 December 2019 in April 2020 and expects to report turnover increasing 19% to £212 million (2018: £179.2 million) and profit before tax slightly above £5.0 million. Trading in the first three months of 2020 has been in line with our expectations. As at 31 December 2019, the company had net cash of £6.9 million (unaudited) and has sufficient headroom within the business to manage anticipated working capital requirements. In addition, it is conducting a comprehensive review of its business and have reduced costs in specific areas where activity levels have fallen or are likely to reduce as a result of the disruption caused by COVID-19. Cost savings are expected to come from furloughing staff, agreeing temporary pay reductions and reducing other overheads. The Board are confident Xpediator is well placed to manage its financial and commercial commitments during this extraordinary time and can emerge wellpositioned for growth when market conditions return to normality. The Board continue to intend to propose a final dividend for the year ended 31 December 2019, but the amount is yet to be determined given the fundamental uncertainties that currently exist in the market. The Board is closely monitoring the situation across the business and will make further announcements as and when appropriate.
Xpediator Plc
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Company Profile

Xpediator is the holding company for the Group, a well-established international provider of freight management services. The original business, trading as “Delamode”, was established in 1988 by Stephen Blyth (the Group’s Chief Executive Officer), providing freight forwarding services in the UK. The Group has since evolved into an integrated freight management business operating in the supply chain logistics and fulfilment sector across the UK and Europe with a particular focus on, and expertise in, CEE countries. The Group currently employs over 700 people, with operational headquarters in Braintree, Essex, and country offices in Bulgaria, Lithuania, Latvia, Estonia, Macedonia, Montenegro, Moldova, Romania and Serbia operating across a total of 31 sites. This network of offices provides regular and direct services linking Eastern Europe, the Balkans and the Baltics with Western Europe, together with logistics and warehousing capabilities in the UK and Romania. The Group has three main business areas which are managed autonomously on a day-to-day basis but directed centrally to cross-sell services to the Group’s customer base: Freight forwarding, trading under the Delamode, EshopWedrop, Regional Express and Benfleet Forwarding brand’s. Logistics and warehousing, trading under the Delamode brand and EMT; and pallet distribution services, trading under the Pall-Ex brand. Transport services, trading under the Affinity brand.


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