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Clipper sees strong growth in all sectors

Clipper Logistics posts group pre-tax profits of £7.9m for the six months to the end of October - 15.6% up on a year ago.

The group - a leading provider of value-added logistics solutions and e-fulfilment to the retail sector - saw revenues rise by 21.1% to £199.7m and EVIT increase by 19.4% to £9.2m, reflecting strong performance across all service lines.

Group profit before tax and amortisation rose by 21.0% to £8.4m.

The group declared an interim dividend of 2.8p per share - up 16.7%.

Executive chairman Steve Parkin said: 'I am pleased to report that the Group has once again delivered strong results in line with the Board's expectations.

'Strong revenue and profit growth has continued in all sectors.

'Our market-leading position in the high-growth area of e-fulfilment and associated services, has been enhanced further by the onboarding of new customers onto the Clicklink click-and-collect operation, and the new ASOS returns facility in Poland demonstrates our commitment to leveraging our existing business across Europe.

'The first half of the current financial year saw strong organic growth on existing contracts, particularly in the e-commerce sector, and this was complemented by contract wins and two strategic acquisitions.

'Both of these acquisitions are performing in line with our expectations.

'The new business pipeline continues to be strong, and we expect the positive momentum from existing and new contracts to continue into the second half of the year.

'The Board remains confident for the future, and I look forward to updating our shareholders and the markets throughout the year.'

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