Clipper Logistics records strong performance

Clipper Logistics

Clipper Logistics has reported a strong performance throughout FY21.

The company expects full year pre-tax profits of almost £32m – a 51 per cent increase on last year.

Revenue is expected to reach £698m, 39 per cent ahead of the prior year, driven by a combination of organic growth and new contracts wins. 

Steve Parkin, Executive Chairman commented: FY21 has been an unprecedented year which demonstrates again the strength and resilience of our model and the ability of Clipper to deliver a strong performance in the rapidly changing e-commerce and retail environment. We have enabled retailers to overcome challenges and adapt quickly by rethinking the way to operate both their online and bricks and mortar channels.

Mr Parkin explained that Clipper’s ‘unique’ full end to end solutions combined with its ‘agile’ culture has accelerated its contract wins in the UK and mainland Europe.

“We are very well positioned to further accelerate growth by capitalising on the structural shift to online and to position Clipper as a global e-commerce and retail logistics enabler,” he added. 

“As such, we are pleased to upgrade our guidance for both FY22 and FY23. 

“Our key priority throughout this year has been to ensure the safety of our staff and their families and on behalf of the Board I would like to thank all our colleagues across the Group for their commitment and dedication to deliver a very strong year.” 

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