Clipper Logistics plc has reported an increase in revenues of 17.6 per cent for the year to 30 April 2018, up from £340.1 million to £400.1 million. During the year it had commenced new contracts with Edinburgh Woollen Mill, M&S, ASOS and River Island whilst opening its first facility in Poland. It had also seen growth in activity with many ongoing clients, including Asda, Wilko and Morrisons.
Executive chairman Steve Parkin commented: “We are conscious of the wider forces affecting the UK retail sector; whilst this means we have to bring an element of caution into our planning, recent contract wins, together with a strong pipeline of new business activity and the further evolution of our Click and Collect proposition, leave the group well positioned to achieve further growth in the UK and internationally.”
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