- 30 August 2019
- Transport / Logistics Services
Clipper Logistics sales grew by 15% to £460.2 million in the financial year ending 30th April. E-fulfilment and returns led the growth.
The logistics and warehousing company’s operating profit was flat at £20.2 million. As indicated last week, Clipper had already warned that the contracts it won later in the financial year would be counted in for this financial year. This year’s earnings will be boosted by £3 million.
Clipper is currently trialling a goods-to-person robotic solution for Superdry at its Burton warehouse.
It has also been taking advantage of Brexit-related opportunities by extending its service offerings in warehousing and labelling to certain customers, particularly those engaged in tobacco-related activities.
Chairman Steve Parkin said: “The Group continues to focus on developing innovative, cost-effective solutions that address the needs of our blue-chip client base, predominantly in the retail sector. We continue to invest in quality people to implement sector leading projects, and this, together with our ability to identify key trends and developments in the sectors we serve, means that we are confident in our ability to continue this momentum.”
“We are conscious of the challenging market conditions facing UK retailers and the macroeconomic uncertainty within the UK economy; this may well have some impact in the year ahead, but we remain confident in our ability to continue the momentum in the business and are well-positioned to continue to deliver strong returns to our shareholders.”