Clipper’s operating profit grows by 21.8pc

Clipper Logistics’ full year results show an operating profit growth of 21.8 per cent, from £14.7 million to £17.9 million.

The results demonstrate a group revenue increase of 17.2 per cent, from £290.3 million to £340.1 million.

“The Group is proud of its track record of consistently developing effective solutions to address the changing needs of retailers in today’s continually evolving consumer landscape,” said Steve Parkin, executive chairman of Clipper. “Our latest set of full year results reflects the trust and confidence that our customers have in our ability to enable them to achieve their service proposition to their own customers, through the provision of relevant and cost-effective services.

“Clipper’s strategy of driving organic growth and seeking targeted, complementary acquisitions continues to enhance shareholder value.

“As we move into our new financial year, we have a strong pipeline of new business opportunities, and we look forward to updating shareholders as these crystallise over the coming months. Clicklink, our Click and Collect solution owned jointly with John Lewis, now provides a multi-user platform which is gaining significant traction with other retailers. In addition, the recent acquisitions of Tesam and RepairTech broaden both our customer base and our suite of services, and will be immediately earnings-enhancing.”