Logistics firm ahead of the game after successful IPO

AFTER 12 months of major client wins and a successful IPO, Clipper Logistics is building on a strong year of healthy profits and revenues.

Operating profit jumped to £12.0m from £9.61m in the year to 30 April 2014, whilst revenue was up to £234m from £201m in the same period.

The costs of the logistics firm’s successful IPO were included as exceptional items, and the firm had invested heavily in commercial vehicles last year which affected the firm’s bottom line.

Clipper now has a solid infrastructure both in the UK and abroad, specifically in Germany and continental Europe.

Steve Parkin, executive chairman of Clipper commented:”Our first year as a listed company has seen continued growth reflecting our ability to demonstrate real value-add services for our extensive client base, and we remain confident of our ability to maintain this momentum.

“The group has seen a strong performance throughout the year under review, with a number of high profile contract wins and renewals, including those with Harvey Nichols, New Look, Pep&Co, Philip Morris, and Zara.

“The acquisition of Servicecare Support Services Limited in December 2014 extended our returns management capabilities to include electrical products, and the business has performed well, being immediately earnings-enhancing.

“Our driving force remains our ethos of constantly identifying new services, methods and technologies that address the operational challenges of our clients.

“Our unrivalled understanding of the e-fulfilment and returns market, coupled with our clients’ continually evolving needs in these areas, will ensure that we retain and expand our market share.”