Clipper Logistics clicks its way higher in final results

Provider of value-added logistics solutions, e-fulfilment and returns management services Clipper Logistics announced its full year results for the year to 30 April on Tuesday.

The company reported group revenue of £290.3m, up 23.7% from £234.8m, with basic earnings per share up 41.1% to 10.3p, from 7.3p.

Group Adjusted EBIT increased by 21.0% to £14.5m from £12.0m, the board said, with adjusted earnings per share increasing by 22.6% to 10.3p from 8.4p.

Clipper’s group profit for the financial year increased by 41.1% to £10.3m from £7.3m, and the board confirmed the dividend per share increased by 25.0% to 6.0p from 4.8p.

“The group is proud of its reputation as a leader in the development of innovative logistics solutions to meet the challenges of retailers in an increasingly changing consumer landscape,” said executive chairman Steve Parkin.

“Our latest set of full year results reflects the confidence that our customers, both long-standing and new, place in our ability to provide services that allow them to consistently achieve their service proposition to their customers.”

Parkin said Clipper's strategy of driving organic growth and seeking targeted acquisitions, whilst working with some of the UK's most recognised and respected brands, continued to drive shareholder value.

“Our new financial year has started well with a strong pipeline of opportunities and we look forward to updating the market as these crystallise in the coming months.

“In addition, our new click and collect solution for the high street, developed in collaboration with John Lewis, will provide nationwide coverage from the autumn and we are in discussions with a number of retailers about this unique service,” Parkin explained.