Cumbrian-born logistics giant Eddie Stobart has reported a 25 per cent rise in revenues for the first half of the year.

The company – synonymous with the county but now headquartered in Warrington – said the growth for the half year ended May 31, compared to the same period last year, had been due to organic growth and a strong contribution from The Pallet Network, the pallet distribution company it acquired in June last year.

And while like-for-like revenues were also up against last year, by 8 per cent and bolstered by a number of new contract wins, Eddie Stobart warned that an adjusted earnings before interest and taxes (EBIT) level for the first half results are expected to be “towards the lower end of management expectations”.

“This is partly due to slower than anticipated productivity improvements in our Contract Logistics and Warehousing business and the short-term adverse effect on the operational efficiency of our transport network from exiting, in early March, a problematic contract,” it said in a statement to the London Stock Exchange.

“However, as in previous years our volumes will be weighted substantially towards the second half of the year and the Company expects to deliver full year results in line with the Board's expectations.”

Eddie Stobart’s interim results for the half year will be released on August 29.