Eddie Stobart shares pick up value

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Eddie Stobart shares pick up value
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AIM-listed transit outfit Eddie Stobart Logistics (LON:ESL) said that it beat market expectations by delivering a 35% increase in revenues for the year ended 30th November. Management said that the growth came from all market sectors and that the business had secured £162 million of new contracts over the course of the year.

While there were costs incurred in increasing capacity, margins improved during the second half of the year and the company said that it believes that they will improve further during the 2019 financial year.

The price of Eddie Stobart shares rose by 3.86% to 107.50p (as of 13:30 GMT).

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