Clipper Logistics plc Trading Update (6874K)
January 06 2021 - 1:00AM
UK Regulatory
TIDMCLG
RNS Number : 6874K
Clipper Logistics plc
06 January 2021
6 January 2021
Clipper Logistics plc
Trading update for the Black Friday and Christmas Periods
Clipper Logistics plc ("Clipper", the "Company", or the
"Group"), a leading provider of value-added logistics solutions,
e-fulfilment and returns management services, is pleased to
announce that it has experienced unprecedented levels of activity
in its logistics operations in both the UK and continental Europe
over the Black Friday and Christmas periods.
The Company is pleased to report that, for the months of
November and December, revenues in its logistics business were
50.0% higher than in the corresponding period of the prior year,
with strong growth in both e-commerce related activities and non
e-fulfilment services. This continues the strong performance seen
in the first half of the financial year, where Clipper reported an
increase in revenue from its logistics operations in the six months
to 31 October 2020 of 27.9% to GBP270.2m.
Of particular note is that Clipper has fulfilled its
one-billionth item of PPE ordered online through the portal
established with eBay in the spring of last year. This service has
now been extended beyond local health care providers including GP
surgeries and nursing homes, to educational and other communal
establishments.
Whilst additional revenue will not necessarily have a
proportionate impact on operating profit given Clipper's contract
mechanisms, this level of activity gives Management an excellent
level of confidence in the year ahead.
The Board is also pleased to report that the Company continues
to enjoy a strong pipeline of new business opportunities.
Steve Parkin, Executive Chairman, said: "Our strategic
positioning in supporting the online trading of retailers both in
the UK and Europe places us in a strong position to continue to
deliver excellent returns to our shareholders. I am immensely proud
of the ability of our teams across the business to continue to
support our customers' exceptional growth. The strength of both our
underlying markets and our new business activity provide us with an
excellent level of confidence in the year ahead."
Ends
ENQUIRIES
Clipper: +44 (0)113 204 2050
Steve Parkin, Executive Chairman
Tony Mannix, Chief Executive Officer
David Hodkin, Chief Financial Officer
Public Relations Advisers:
Buchanan: +44 (0) 207 466 5000
David Rydell
Stephanie Watson
Hannah Ratcliff
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END
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