18pc profit rise at Clipper

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Adjusted operating profit rose 18 per cent to £6.2 million at Clipper Logistics in the first half, driven by strong growth in its e-fulfilment and returns management business.

For the six months to 31st October, revenue was up 27 per cent on last year at £141.5m, while EBIT was up from £5.2m last year to £6.2m.

Excutive chairman Steve Parkin said: “Clipper continues to leverage its market-leading position in the high-growth areas of e-fulfilment logistics and returns management, and has seen strong organic growth on existing contracts complemented by the impact of new contract wins with well known and respected brands.”

The e-fulfilment and returns management services saw EBIT rise 59.2 per cent to £3.5 million. Growth in the non-e-fulfilment logistics was a more modest six per cent rising to £5m for the first half.

“We continue to have a strong pipeline of new business opportunities, and have continued positive momentum on both existing and new contracts as we enter the second half of the year,” said Parkin.

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