E-fulfilment and new contracts see revenues rise for Clipper Logistics

Senior appointment for Clipper Logistics

The high street might be in its death throes, but for Leeds-based Clipper Logistics the mass migration to online sales has seen its revenues rise.

For the six months to 31 October, group revenue was up 14.1% to £227.9 million, while group EBIT was 16.1% up at £10.7 million.

The company noted that the upwards trend was driven by a “strong performance in e-fulfilment and returns management”.

During the period, the company commenced a new e-fulfilment operation for retailer Pretty Little Thing n Sheffield. The site, which originally launched back in July, is now fully operational.

Alongside this, the company has also continued its organic growth on e-fullment operations with longstanding customers including Asda, ASOS and Wilco.

European e-fullment and returns management operations in Europe were reports as continuing to “grow strongly”.

It also secured new contractrs outside of e-fullment, including Sports Direct and halfords.

Executive Chairman Steve Parkin said: “The Group continues to be exceptionally well-placed to benefit from the continuing migration to online retailing and the increasing propensity for consumers to choose click-and-collect services when placing orders online.

“Our recent contract wins, including Sports Direct and an extended relationship with Halfords, provide significant earnings momentum into the second half of the current financial year and beyond.

“We are excited about the future growth of our European operations, as the contracts with s.Oliver, ASOS and Westwing evolve.”

He added: “We have a strong new business pipeline and look forward to continuing to update shareholders as we convert these opportunities.”