Mainfreight expects momentum to continue, Braid tells investors

Wed, 20 Jun 2018

By Margreet Dietz June 21 (BusinessDesk) - Mainfreight, which last month reported a record full-year profit, told investors and analysts it expects momentum to continue. The Auckland-based transport and logistics company, which currently has 247 branches in 22 countries, predicted “short-term impacts” on unadjusted earnings before interest, tax, depreciation and amortisation as new sites are delivered through 2019/20, according to a copy of its presentation to analysts and investors in the Netherlands. Ebitda rose 9 percent to $215.4 mill...

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