Thursday, January 28, 2021

Strong festive trading for Clipper Logistics

Clipper Logistics has experienced “unprecedented levels” of activity in its logistics operations in both the UK and continental Europe over the Black Friday and Christmas periods.

For the months of November and December, revenues in the Leeds-based company’s logistics business were 50% higher than in the corresponding period of the prior year, with strong growth in both e-commerce related activities and non e-fulfilment services.

This continues the strong performance seen in the first half of the financial year, where Clipper reported an increase in revenue from its logistics operations in the six months to 31 October 2020 of 27.9% to £270.2 million.

Moreover, the company fulfilled its one-billionth item of PPE ordered online through the portal established with eBay in the spring of last year.

This service has now been extended beyond local health care providers including GP surgeries and nursing homes, to educational and other communal establishments.

A statement from the company said: “Whilst additional revenue will not necessarily have a proportionate impact on operating profit given Clipper’s contract mechanisms, this level of activity gives Management an excellent level of confidence in the year ahead.

“The Board is also pleased to report that the Company continues to enjoy a strong pipeline of new business opportunities.”

Executive Chairman Steve Parkin said: “Our strategic positioning in supporting the online trading of retailers both in the UK and Europe places us in a strong position to continue to deliver excellent returns to our shareholders.

“I am immensely proud of the ability of our teams across the business to continue to support our customers’ exceptional growth. The strength of both our underlying markets and our new business activity provide us with an excellent level of confidence in the year ahead.”

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