- 5 December 2019
- Transport / Logistics Services
Clipper Logistics saw turnover grow by 11.7% in the first half of the year thanks to e-commerce fulfilment and a third-party click & collect service for Waitrose. Operating profit also saw double digit growth.
Turnover at Clipper Logistics hit £254.6 million in the six months to 31 October. Operating profit grew 13.5% to £12.1 million.
One of the underlying drivers behind the growth was improved efficiency thanks to automation. An automation programme has begun with its client Superdry while the logistics and fulfilment company has been trialling robotic technology with other, un-named clients.
Executive chairman Steve Parkin said: “As retailers increasingly collaborate to minimise their route-to-market costs, Clipper, given its presence and infrastructure in retail logistics, is ideally placed to facilitate consolidation on behalf of retailers.
“Trading has continued to be positive post-period end, with the key Black Friday trading weekend seeing record daily volumes in certain sites, and we expect full year earnings to be broadly in line with the board’s expectations.
“Notwithstanding the difficulties facing the UK high street and the uncertainties of the UK political environment in the current year, Clipper remains positive about the longer-term outlook and believe the group is well positioned to achieve further growth in both the UK and internationally,” Parkin added.