Unipart group has announced its headline financial results for 2016. Revenues grew 3.5% to £748m whilst EBIT adjusted for exceptional items was £28m in 2016, up 2.9% on 2015 figures.
Unipart has had a busy year, in which it signed several significant contracts. It began the implementation of a new distribution hub in North America for McLaren Automotive and also began providing logistics services for Pro-Direct Sport in a fulfilment centre based in the Czech Republic.
John Neil, Chairman and Group Chief Executive said 2016 was “a strong year for Unipart” after a slowdown in some markets. He added, “Brexit may have caused many companies to pause in their investments, but one of the greatest challenges that companies face today is the disruptive and dislocating pace of change that will come from the integration of intelligent technologies such as robotics, artificial intelligence, billions of sensors and massive low cost computing power.”
Neil continued his focus on technology when looking at the challenges facing the company: “Technology is changing faster than the human ability to adapt to it. We are devoting significant resources to equip our organisation to be among the leaders in our sector at embracing and deploying these technologies.”
Source: Unipart Group
If the content of this news item has been of interest to you, you may be interested to find out more about Ti’s technology capabilities and offering. To do so visit Ti’s Technology Insights page, or contact Ti’s Business Development Manager, Michael Clover.