Clipper Logistics revenues boosted by contract wins and growth of e-commerce

Clipper Logistics said its 33% increase in revenues in the six months ending 31 October was the result of high-profile customer contract wins and organic growth in its e-commerce business.

The logistics company also attributed its £406.1m turnover to a “robust rebound” in its non e-fulfilment activities and it remained positive about the long-term outlook.

Unaudited accounts showed that pre-tax profit during the period rose by 12.6% compared to the same period in 2020, to £16.1m.

During the period it began operations with a string of customers, including JD Sports, John Lewis, Mountain Warehouse, Wilko and online luxury fashion retail platform Farfetch.

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Steve Parkin, Clipper executive chairman, said the company’s growth was due to “continuing momentum within online and the reopening of bricks and mortar retail.

“We continue to expand our presence and offering in mainland Europe,” he said.

“Our facility in the Netherlands is now fully operational, and our recent acquisition of CE Repair complements our technical services division and extends our offering and geographical reach within mainland Europe.

“Our recent announcement on the formation of a joint venture with Farfetch focusing on the luxury online market will significantly extend our geographical reach further both in Europe and further afield.”

Parkin added: “I am pleased to report that in trading post-period-end we have successfully delivered record volumes compared to the prior year on many of our sites.”