Clipper Logistics sees double digit growth

B2B and B2C logistics firm Clipper Logistics full year results have shown a growth in operating profit of 21.8% to £17.9 million from £14.7 million in 2016.

Clipper Logistics Group’s revenues increased by 17.2% to £340 million from £290.3m in 2016.

“The Group is proud of its track record of consistently developing effective solutions to address the changing needs of retailers in today’s continually evolving consumer landscape,” said Steve Parkin, executive chairman of Clipper. “Our latest set of full year results reflects the trust and confidence that our customers have in our ability to enable them to achieve their service proposition to their own customers, through the provision of relevant and cost-effective services.

“Clipper’s strategy of driving organic growth and seeking targeted, complementary acquisitions continues to enhance shareholder value.

“As we move into our new financial year, we have a strong pipeline of new business opportunities, and we look forward to updating shareholders as these crystallise over the coming months. Clicklink, our Click and Collect solution owned jointly with John Lewis, now provides a multi-user platform which is gaining significant traction with other retailers. In addition, the recent acquisitions of Tesam and RepairTech broaden both our customer base and our suite of services, and will be immediately earnings-enhancing.”

In taking up interests in last mile e-commerce delivery through John Lewis, so Clipper have been able to take advantage of the rising tide in this sector.

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