“Building on solid foundations”: P&H announces annual results

Palmer & Harvey (Holdings) plc, the UK’s biggest delivered wholesaler, yesterday announced its results for the year to April 2, 2016.

Among the highlights were: Revenues of £4,435m (2015: £4,465m)
; gross profit of £215m, holding steady on the previous year; contract extensions including Sainsbury’s, One Stop, MRH, Moto and SSP; a 50% increase in revenues from company-owned stores; and in van sales, a 13% increase in sales per van per day..

P&H currently has a 14% market share in the growing convenience market and the company aims to consolidate this with investment, principally in a new DC in Leeds, improvements in the fleet and other efficiencies.

Chris Etherington, chairman and chief executive, said: “I am pleased to report on a year of progress for P&H. In recent years we have built strong foundations for our future, through a significant investment in our depot infrastructure. As our customers face new challenges, we are confident that we can offer solutions and further embed our reputation for first class service.”

We’ll have more on this story in the September issue of Wholesale News, out September 13!

 

 

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