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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Eddie Stobart Logistics (ESL:AIM) has struggled on the stock market as investors are concerned about its ability to deliver growth and returns as Brexit negotiations continue.
The company operates storage facilities across the UK and a fleet of specialist equipment to carry heavy loads and transport cargo for businesses.
Shares in Eddie Stobart Logistics have reversed 14.2% to 136p since we flagged them as a Great Idea in June 2017 despite recently delivering a strong set of annual results (10 Apr).
In the year to 30 November 2017, the company revealed impressive underlying sales growth with revenues rising 9.4% to £623.9m.
The strong performance was driven by the e-commerce division where sales soared 111% to £103.4m.
Eddie Stobart is taking advantage of the fragmented UK market to further build its business through M&A, particularly in e-commerce as more people sell and buy products online.
In 2017, the company completed the acquisition of e-fulfilment specialist iForce, same-day delivery service Speedy Freight and Logistic People.
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Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.