http://www.clippergroup.co.uk/

Clipper Logistics plc is a provider of logistics solutions to the retail sector in the United Kingdom. The Company has two operations: Logistics and Commercial Vehicles. Logistics has operations in the United Kingdom and Germany and its customers include blue chip customers, small and medium sized enterprise (SMEs), start-ups and brands, with the service offering split between E-fulfilment Logistics and Non E-fulfilment Logistics. The Company's Commercial Vehicles division, trading as Northern Commercials, provides a range of services, including sales of new and used vehicles and after sale services, which comprises body shop, servicing and parts sales. The Commercial Vehicles holds dealership rights in its geographical areas of operation for sales of Iveco and Fiat commercial vehicles.


We began life as Clipper Logistics Limited in 1992, with a team of just three people and a single driver. Today, we’re one of the UK’s leading independent logistics companies with a turnover of £200 million.

From day one we did things differently by questioning the old order and providing our customers with unique logistics solutions perfectly suited to modern business. Our willingness to challenge the status quo and quickly embrace change, made us first choice for a number of retailers and gave us invaluable expertise in fashion and high-value logistics.

As we’ve grown we’ve always remained true to our principles of reliability and flexibility, and through a series of handpicked strategic acquisitions and organic growth, we’ve created a new breed of logistics and transport company.

Key Clipper stats:
•We’re one of the UK’s leading independent logistics companies with a turnover of £200m
•We have over 2,500 highly-skilled, long-serving employees
•We have a network of 36 sites
•We have 5 million sq ft of warehousing space
•We operate a fleet of over 270 vehicles

MIDAS SHARE TIPS: Couch potatoes help drive logistics firm Clipper in new directions

By Joanne Hart, Financial Mail On Sunday

Published: 22:27, 2 August 2014 | Updated: 22:27, 2 August 2014


Enthusiastic British shoppers are expected to spend more than £100 billion online this year and forecasters predict that by 2022 a third of all UK sales will be conducted on the web.


The trend towards couch-potato shopping is a fabulous chance for retailers to cash in, but it also presents store owners with some serious logistical challenges.


This is where Clipper Logistics can help. Floated on the stock market in May, it helps retailers with issues that range from storing goods to speedy returns and even eBay sales.


It's a wrap: The company makes sure clothes are packaged properly before they are delivered



At 140p, the stock has already made progress since flotation, but there is still plenty of long-term potential and the chance of some generous dividends along the way.

Clipper was founded in 1992 by Yorkshireman Steve Parkin. Originally a miner, Parkin left the coalface after just 18 months, gained a heavy goods vehicle licence and in the early 1980s started delivering fish in the North for a company called Clipper Seafood.


Starting his own business a few years later, Parkin took the Clipper name because it conveyed speed and efficiency and he had rather enjoyed his years in the fish trade.

Back then, internet retailing did not exist and Parkin focused on transporting goods for retailers from depots to stores. However, as e-commerce developed, Clipper raised its game.


The group still does basic distribution for retailers, but it offers a range of other services besides. These include warehousing goods when they arrive from overseas, making sure clothes and other items are properly packaged for sale and even delivering them to individual customers who have shopped for goods online.


The company operates many retailers’ e-commerce systems for them, taking orders, making sure the goods go where they are supposed to and handling returns, steaming, pressing and cleaning pet hairs from unwanted clothing so they can be put back on sale quickly. Importantly, too, Clipper helps to ensure retailers’ customers are refunded promptly so they do not feel badly treated.


The group assists a string of large, blue-chip names with their internet offer and customers include John Lewis, Tesco, Asda, Morrisons, Asos, Superdry and Harvey Nichols. However, Clipper focuses only on non-food items, such as clothing at Tesco, cigarettes, stamps and plugs at Morrisons and trampolines, bicycles and other paraphernalia at Asda.


Clipper also guides smaller store groups in setting up e-commerce operations and has helped a number of customers to build their businesses in this way. Most of the group’s contracts are for three to five years so it already knows that it will enjoy a certain level of growth.

The business is highly cash-generative. It leases warehouses rather than owning them outright, it does not have large upfront costs and most of its contracts involve being paid in the same month that it delivers services to customers.


Clipper has a successful commercial vehicle business, too. This operates as a virtually independent subsidiary with 1,700 customers, including Clipper itself. The business makes steady profits and contributes tidy cash sums to the group, particularly as it services vehicles as well as selling them and commercial vehicles need to be serviced every six weeks.


In the year to April 2013, Clipper delivered underlying pre-tax profits of £8.7million. This year’s figures will be released this month and are expected to show a rise to £9.6million, increasing to almost £12 million in 2015 and £13.8 million the year after.


The company expects to grow by offering more services to existing customers, by taking on new ones and expanding overseas. Parkin already has operations in Germany – having moved there to help UK retailers with online trade abroad – and he hopes to continue in the same vein.


In recent years, Clipper has introduced new ideas, such as Boomerang – handling returns for retailers – and an eBay shop, Genesis- UK, to boost customers’ online sales. More such innovation is expected in the future.


Given its strong cash generation, Clipper intends to pay out about half its post-tax profits in dividends, which will deliver a yield of about 4 per cent. The first payout will be an interim dividend for the six months to November, swiftly paid before December 31.


Midas verdict: Parkin has wanted to be the chairman of a public company since he was in his 20s. Now 53, he has finally made it and is ambitious for the business, of which he still owns 40 per cent. The company has done well over the past 20 years, but the best may be yet to come. Online retailing is growing fast and Clipper provides an essential service. Buy.

Also looks like they sell new vehicals and used and maintenance, which keeps cash rolling in. Does look a very good growing business goldfinger.

TR-1 Notification of Major Interest in Shares

http://www.moneyam.com/action/news/showArticle?id=4870448

Full Year Results

RNS


RNS Number : 3012Q

Clipper Logistics plc

29 August 2014










Clipper Logistics plc

Final Results for the year ended 30 April 2014, incorporating an interim management statement to 28 August 2014

Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector is pleased to announce its Full Year Results for the year ended 30 April 2014.



Financial Highlights

· Group revenue increased by 25.2% to £201.2 million

· Statutory Group profit for the period £2.8 million (2013: £3.8 million), after deduction of discontinuing costs of £2.3 million (2013: £2.1 million) and exceptional costs of £2.5 million (2013: £0.4 million)

· Group Adjusted EBIT* increased by 10.0% to £9.6 million

· Adjusted EBIT from e-fulfilment logistics operations up 49.4% to £3.7 million

· Non e-fulfilment logistics Adjusted EBIT up 15.8% to £9.2 million

· Investment in additional central logistics overheads of £1.8 m to further support growth into 2015

· Commercial vehicles Adjusted EBIT up 25.4% to £1.8 million due to business integration and depot rationalisation

· Adjusted earnings per share** increased to 6.6p (2013: 5.7p)

· A new £30m bank debt facility was put in place at IPO to facilitate targeted acquisition strategy



*Group Adjusted EBIT is defined as operating profit excluding non-recurring items.

** Adjusted earnings per share is based on profit attributable to ordinary equity holders adjusted by adding back discontinuing and exceptional costs and adjusting for the tax thereon.



Operational Highlights for the Year to 30 April 2014

· Significant new contracts with customers including SuperGroup, ASOS and Antler

· Strong growth in retail e-commerce market, driving revenues with existing customers as well as providing opportunities for new contract wins

· New "Boomerang" brand introduced to focus on value-added returns management services

· Acquisition of R. Geist Spedition GmbH & Co. KG completed in October 2013 to enhance operations in Germany, providing a platform to benefit from growth in European online retailing and support UK customers' ambitions to expand into Europe

· Integration of Northern Commercials (Mirfield) Ltd and Stormont Truck and Van Ltd in August 2013 realised cost reductions and created a platform for market share and profit growth



Post Year End Highlights and interim management statement for the period to 28 August 2014

· Clipper Logistics plc admitted to the premium segment of the London Stock Exchange on 4 June 2014

· Strong operational and financial performance of FY14 has continued into the current year, in line with management expectations

· Contract signed with Tesco

· Continuing growth in e-commerce sector, including returns management

· Strong new business pipeline ensures organic growth within Logistics will continue into the 2015 financial year



Steve Parkin, Executive Chairman of Clipper commented:



"The Group has the enviable position of being one of the leading providers of value-added logistics and e-fulfilment solutions to the retail sector in the UK. The strong performance delivered in the financial year to 30 April 2014 has continued into the current financial year. The business is advancing in line with its strategy and is poised for further growth, both in the UK and internationally. We are proud to have achieved a successful listing on the Premium Segment of the London Stock Exchange and look forward to creating further shareholder value in the next phase of the business's development."

Clipper Awarded Philip Morris Ltd. Contract

RNS


RNS Number : 4552Q

Clipper Logistics plc

01 September 2014







1st September 2014





Clipper Logistics plc



Philip Morris Ltd. Appoints Clipper to UK Logistics Contract



Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector is pleased to have been appointed by Philip Morris Ltd. to handle the UK storage and distribution of its leading brand portfolio.

The Group was awarded this contract on the back of its extensive experiencein bonded warehousing and securedistribution of high value products throughout the UK. This contractwill see Clipper take on Philip Morris Ltd.'s products in a phased transition over the coming months.

Jerry Margolis, Sales Director at Philip Morris Ltd., said "It was clear to us that Clipper have the ability to meet our demanding requirements. It is vital that we provide a secure, reliable supply chain to our customers and Clipper's knowledge and experience made them our partner of choice. This is good news for our customers, who can expect a dependable and professional service."

Steve Parkin, Executive Chairman of Clipper commented: "Clipper's extensive expertise in the handling of tobacco products was a key factor in the awarding of this contract, as was our experience in designing and implementing bespoke high value logistics solutions. We are proud to work with such a well established name on this significant contract, which once again demonstrates our ability to offer innovative solutions to complex logistical challenges."

The contract includes receipt of inbound goods from Philip Morris factories; secure, bonded warehousing; and national onward distribution via Clipper's high security network.

ENDS

Major European Breakthrough Contract Win

RNS


RNS Number : 5773V

Clipper Logistics plc

30 October 2014







30th October 2014





Clipper Logistics plc





Major European Breakthrough Contract Win for Boomerang Brand



Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has been appointed by leading German fashion brand s.Oliver, to manage its European wholesale and retail returns management service. This represents the Company's first Boomerang contract in mainland Europe.



The contract win represents a major advance for Clipper's European operations, based in Germany. s.Oliver is a family-owned fashion company located in Rottendorf, Bavaria and operates retail outlets throughout Austria, Croatia, Switzerland and the Netherlands as well as across Germany. The Boomerang returns management service will be delivered from Clipper's existing solutions centres in Munchberg and Hof.



As a condition of the contract, s.Oliver sought to dispose of the freehold of the Munchberg site to Clipper. Clipper operates an asset-light business model and does not currently own any of the sites that it provides its services from, therefore the Munchberg site has been acquired by Knaresborough Real Estate Limited, a related party to Clipper through its ownership by Executive Chairman Steve Parkin, and will continue to be leased to Clipper on the same terms and monthly rent as previously in place with s.Oliver, being €37,500 per month, for a term of ten years. This lease arrangement will allow Clipper to retain its asset-light business model, and falls within LR 11.1.10R (smaller related party transactions).



Returns management is an increasingly important arena for retailers. In the UK, estimates are that between 25% and 40% of all clothing and footwear purchases are returned.



Historically, customers would return the product to the store where the purchase was made, but as online retail has developed, customers are demanding choices in their method of return. This represents a stock management and processing challenge for the retailers. The Group has a strong track record of managing this process for customers, including managing the returns operation for ASOS, the UK's leading online fashion retailer.



The s.Oliver contract expands on a long term and successful partnership, dating back to 1998. Clipper's existing solution for the s.Oliver brand has seen it manage warehousing, pre-retail processing and "direct to store" distribution of fashion items.



The bespoke returns solution will assist s.Oliver in developing sales growth, increasing efficiency of stockholding and improving its customer service. Returned products will be received from s.Oliver stores and concessions and processed effectively to maximise resale value.



Boomerang has already been a proven success with UK retailers, with approximately 95% of product successfully returned to prime stock at first pass.



Tony Mannix, Chief Executive Officer of Clipper commented:

"The manner in which this contract has been proactively implemented demonstrates the dynamic relationship between Clipper and s.Oliver. We're constantly looking at ways to improve the systems and processes available to our customers, and implementing a best-in-class returns management system was the natural progression for this contract. In implementing the Boomerang solution, we will reorganise parts of the current process, including the way clothing is delivered, stored and hung. This will increase supply chain efficiency and improve customer service".



Steve Parkin, Executive Chairman of Clipper commented:

"We set out earlier this year a very clear strategy to develop returns management capabilities in continental Europe to capitalise on our strengths in this key area. Returns management is a growing issue for all retailers and finding ways to make the process more efficient is increasingly crucial to their success. Providing our Boomerang solution to a major retailer such as s.Oliver validates this strategy, and we look forward to continuing to grow the Boomerang brand both in the UK and overseas."



- ends -

CLIPPER LOGISTICS



Last Signal: BUY


Last Pattern: BULLISH MATCHING LOW



Last Close:
142.2500


Change:
+5.6250

Percent change
+4.12%




Signal Update

Our system’s recommendation today is to BUY. The BULLISH MATCHING LOW pattern finally received a confirmation because the prices crossed above the confirmation level which was at 138.6250, and our valid average buying price stands now at 138.7850. The previous SHORT signal was issued on 13/10/2014, 18 days ago, when the stock price was 136.0700. Since then CLG.L has risen by +2.00%.

Market Outlook

The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a new profit. Do not miss this chance.


http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=CLG.L

Interim Results

RNS


RNS Number : 7935Y

Clipper Logistics plc

04 December 2014








CLIPPER LOGISTICS PLC





INTERIM RESULTS FOR THE SIX MONTHS TO 31 OCTOBER 2014



Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce its unaudited results for the six months ended 31 October 2014.







Financial Highlights



· Group revenue up 20.0% to £111.6 million (2013: £93.0 million);



· Group adjusted EBIT 28.8% ahead at £5.2 million (2013: £4.1 million);



· E-fulfilment Logistics EBIT up 34.0% to £2.2 million (2013: £1.6 million), reflecting continued organic growth and new contract wins;



· Non e-fulfilment Logistics EBIT up 12.3% to £4.7 million (2013: £4.2 million);



· Adjusted earnings per share up 29.6% to 3.5 pence (2013: 2.7 pence);



· Maiden interim dividend of 1.6 pence per share;



· Net debt reduced by £0.4 million to £14.2 million, after paying £2.3 million of non-recurring costs, (principally relating to costs associated with the IPO)



Operational Highlights



· Appointed by Philip Morris Limited to handle the UK storage and distribution of its leading brand portfolio;



· Relocated the Tesco online clothing operation to a new site at Daventry, signing a new five year contract for an extended range of services to support the customer's long term growth ambitions;



· Appointed by luxury fashion brand ME+EM to provide a multichannel retail logistics solution for their range;



· Appointed by leading German fashion brand s.Oliver, to manage its European wholesale and retail returns management service, representing the Group's first Boomerang contract in mainland Europe;



· Re-awarded womenswear fashion brand Whistles' contract to manage the receipt and distribution of its entire product range to customers worldwide;



· Continuing strong pipeline of new business opportunities;

· As separately announced today, acquired Servicecare Support Services Limited ("Servicecare") for cash consideration of £5.7 million, extending the Group's returns management operations to include electrical items, in addition to general merchandise and clothing.



Commenting on the results, Steve Parkin, Executive Chairman of Clipper, said:

"These are the first interim results of Clipper post-IPO, and I am pleased to report that the Group has delivered results in line with the Board's expectations, with strong revenue and profit growth, and good cash conversion. Clipper continues to have a market-leading position in the high-growth area of e-fulfilment logistics, and has seen strong organic growth on existing contracts complemented by the impact of new contract wins.



Our Boomerang brand, which specialises in the management of returns, has continued to gain traction, and this will be further enhanced by the acquisition of Servicecare, which enables us to extend the Boomerang service to encompass electrical products, as well as clothing and general merchandise. Equally importantly, our non e-fulfilment operations have also continued to deliver significant year-on-year growth, reflecting the innovative approach Clipper takes to deliver solutions that address the needs of our customers.



We are pleased to announce a maiden interim dividend of 1.6 pence per share, which will be paid to shareholders on 31 December 2014.



We remain confident for the future and look forward to updating our shareholders and the markets throughout the year
-----------------------------------------------------------------------------------------------

Clipper Logistics: Numis moves target price from 170p to 180p and upgrades from 'add' to 'buy'.

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 05/12/2014, 25 days ago, when the stock price was 146.2500. Since then CLG.L has risen by +12.91%.

Market Outlook

The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.



https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=CLG.L

From the company site -


Clipper Logistics rises to the challenge of Cyber Weekend




Retail solutions experts Clipper Logistics plc has reported its busiest ever period, in the run up to Christmas 2014. Volumes handled by the logistics experts were 100% higher than the comparable period in 2013 and 400% higher than a typical weekend.

Clipper processed orders for over two million items, or nearly six items per second over the four days. 100% of these orders were processed within the clients’ designated lead-time, fulfilling their customer commitments.

Traditionally, Black Friday (which this year fell on November 28th) and Cyber Monday (December 1st) mark the busiest days of the year for retailers. This year, there was a heavy focus on increased retail sales, both on the high street and from online retailers. In preparation for these increased volumes, Clipper worked closely with its retail customers to ensure customer service levels remained consistent and orders were fulfilled to the same high standards.

Sean Fahey (Clipper CIO) said: “We received a tremendous uplift in the volume of orders, well in excess of forecast, and I am delighted that our systems and operational teams achieved service levels to despatch all items on time. The feedback from our clients has been fantastic, with one site being awarded the retailers’ own internal service award for excellence – always a great accolade.”

Clipper provides e-fulfilment and specialist logistics services to many retailers, including John Lewis, F&F Clothing at Tesco, Supergroup, Asda and Wilko. Whilst unable to comment on individual retailers performance, overall volumes handled by Clipper over the weekend meant the business had its busiest period ever.

Major Long Term Contract Renewal with New Look
RNS
RNS Number : 4286D
Clipper Logistics plc
29 January 2015



29 January 2015





Major Long Term Contract Renewal with New Look



Clipper Logistics plc ("Clipper", "the Group" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has secured a significant extension to its contract with New Look.



New Look has been a customer of Clipper for 13 years, and the new agreement will see Clipper continue to provide store delivery and collection services, as well as a wide range of other services, through to July 2019.



In addition to being a market leader in the provision of e-fulfilment and associated services including returns management, Clipper is a leading provider of innovative warehousing and transport solutions to the retail sector.



Under the new agreement, Clipper will continue to deliver all retail products to stores, including boxed and hanging garments, to New Look's 542 retail outlets. Deliveries will be made on a set weekly frequency per store, and Clipper will make almost 100,000 store deliveries each year. The Group uses a combination of day and night time deliveries to provide optimum service at minimum cost.



In addition to store delivery, Clipper will also handle all "click and collect" items to be delivered to store, an increasingly attractive service chosen by online shoppers.



Dan Monahan, Group Logistics Director of New Look, said: "For over 12 years Clipper has worked closely with the team at New Look to provide a class-leading service to our retail estate, identifying opportunities for cost minimisation whilst not compromising service levels. We look forward to working with the team at Clipper to continue to evolve the provision of services to our store network".



Steve Parkin, Executive Chairman of Clipper said:



"New Look has been a key client of ours for 13 years, and we are delighted that our relationship will continue into the future. It is our ability to think outside the box that makes Clipper the "go-to" provider of retail high street delivery solutions, including traditional store deliveries as well as click and collect and other value-added services".

Q3 Update
RNS
RNS Number : 5369F
Clipper Logistics plc
23 February 2015





23 February 2015



Clipper Logistics PLC



Further progress achieved in Q3 and full year outlook confirmed



Clipper Logistics plc ("Clipper", "the Group" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to publish a trading update for the nine months to 31 January 2015.



Group



Clipper continues to perform in line with market expectations for the full year to 30 April 2015, in terms of both earnings and cashflow. A strong pipeline of new business within the Logistics sector is expected to provide continued upward momentum into 2016.



Logistics



Clipper's strategic positioning in the online fulfilment sector, including the management of returns through its Boomerang brand, has enabled the Group to benefit from the continuing trend towards online retailing.



The Group has seen growth in activity levels from virtually all customers for whom it provides e-fulfilment services, particularly over the pre-Christmas trading period including the Black Friday weekend, on which it achieved 100% of customer service proposition.



Boomerang, the Group's returns management proposition, continues to gain traction. We are particularly pleased with the new contract win with German retailer s.Oliver for the management of its European returns. This represents our first Boomerang contract in Europe; this is being implemented during 2015 and will be additive to earnings in 2016. In addition, we are discussing the provision of Boomerang services to a number of other retailers.



Clipper has renewed and extended contracts with a number of clients including New Look, with whom it has agreed a contract extension through to July 2019.



Commercial Vehicles



The commercial vehicles business has made steady progress in earnings growth, with profitability underpinned by higher margin servicing and parts activity.



Servicecare



The Group announced the acquisition of Servicecare Support Services Limited on 4 December 2014.



Servicecare is a specialist provider of returns logistics services to consumer electronics manufacturers and retailers. The acquisition is highly complementary to the Group's Boomerang proposition and its integration into Clipper has been seamless.



Servicecare has performed well in the period post-acquisition, and the Group is confident that its contribution to full-year earnings will be in line with plan.



Financial Position



The Group is in a strong financial position, with significant increases in earnings from both e-fulfilment and non e-fulfilment activities in the logistics sector, strong initial earnings from Servicecare, coupled with steady earnings growth in commercial vehicles.



The Group's working capital profile continues to provide strong cash generation from trading activities.



The outlook for the full year to 30 April 2015 is therefore consistent with market expectations.



Steve Parkin, Executive Chairman of Clipper, said:



"The Group's strategic positioning in the e-fulfilment sector, including the provision of returns management services, coupled with continued growth in non e-fulfilment logistics operations, has placed the Group in a strong position to achieve good year on year growth. The acquisition of Servicecare in December extends our service offering, and has been immediately earnings-enhancing.



Our progress in the current financial year, coupled with a strong new business pipeline, provides a solid basis for growth in future years."

/;////////////////////////////////////////////////////////////////////////////////////////////////



23 Feb Numis 180.00 Hold

Ten Year Contract Renewal with Harvey Nichols
RNS
RNS Number : 4586H
Clipper Logistics plc
16 March 2015





Ten Year Contract Renewal with Harvey Nichols



Clipper Logistics plc ("Clipper", "the Group" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has secured a ten-year extension to its contract with Harvey Nichols.



Harvey Nichols has been a customer of Clipper for ten years, and the new agreement will continue to see Clipper provide warehousing, store delivery, e-fulfilment and returns management services, in addition to other value added services such as hamper fulfilment.



Clipper is a leading provider of innovative warehousing, distribution and associated services, and is in addition a market leader in the provision of e-fulfilment and associated services including returns management, focusing on the retail sector.



Under the new agreement, Clipper will continue to warehouse and deliver to store all products retailed by Harvey Nichols, including designer clothing, accessories, wines and beverages, and all non-chilled products for foodhalls and restaurants. Clipper will also fulfil on-line orders and handle all product returns.



Manju Malhotra, Finance Director of Harvey Nichols, said "For the last ten years Clipper has worked closely with the team at Harvey Nichols to provide a first-class service to our iconic and dynamic business, maximising service delivery at optimum cost. We look forward to continuing to work with Clipper to ensure that our logistics infrastructure supports our ambitious plans, through continual evolution of systems and processes".



Steve Parkin Executive Chairman of Clipper said : "Harvey Nichols has been a key client of ours for ten years, and we are delighted that our long-term relationship will continue. Harvey Nichols is a world-leading brand that we are proud to support, and our innovative approach to development of solutions for dynamic retailers makes us the "go-to" provider of logistics services."

Clipper to Develop New DC to Support John Lewis
RNS
RNS Number : 3377I
Clipper Logistics plc
24 March 2015



24 March 2015



Clipper to Develop New Distribution Centre to Support John Lewis



Clipper Logistics plc ("Clipper", "the Group" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has agreed heads of terms with The John Lewis Partnership to provide a range of retail support services from a new distribution centre, under a proposed ten-year agreement.



The new distribution centre will be located in the Milton Keynes area, and will provide in excess of 300,000 square feet of capacity.



Clipper is in the process of selecting the final location for the operation. Initial activity will commence in mid-2016 to support John Lewis' new distribution centre in Magna Park, Milton Keynes.



Further updates will be provided as the project evolves.

Please Note - Streaming News is only available to subscribers to the Active Level and above



Clipper Wins New E-Fulfilment Contract With Zara
RNS
RNS Number : 2522J
Clipper Logistics plc
02 April 2015



2 April 2015



Clipper Wins New E-Fulfilment Contract With Zara



Clipper Logistics plc ("Clipper", "the Group" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has signed a new long term contract with Fashion Retail S.A.U., a subsidiary of Inditex, which owns the fashion brand Zara.



Inditex is the largest fashion retail group in the world. It has over 6,460 stores in 88 countries.



The new contract will see Clipper providing e-fulfilment services for the Zara brand from a new distribution centre in Northampton. The site will provide in excess of 340,000 square feet of space.



The Clipper operation will provide fulfilment of online orders for Zara fashion in certain European countries.

Clipper wins new contract with Pep & Co
RNS
RNS Number : 6347K
Clipper Logistics plc
20 April 2015

20 April 2015



Clipper wins new Contract with Pep & Co



Clipper Logistics plc ("Clipper", "the Group" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has signed a new contract with Pepkor UK Retail Limited which owns the fashion brand Pep & Co.

PEP&CO is the first strategic investment made by Pepkor UK, a venture established in 2014 by former Asda CEO Andy Bond and ex-Bain & Company consultant Mark Elliott.

Pepkor UK manages corporate activity in the United Kingdom in support of the wider Pepkor group - a Cape Town-based investment company with retail interests in Africa, Australia and Eastern Europe.

PEP&CO plans to open its first store, in Kettering, Northamptonshire in July and expects to have 50 outlets up and running by the end of August, selling family fashion and homewares on the high street, convenient for mums and kids.

Clipper is a leading provider of innovative warehousing, distribution and associated services, and is in addition a market leader in the provision of e-fulfilment and returns management services, focusing on the retail sector.



Under the new agreement, Clipper will provide warehousing, returns management and other logistics services in respect of Pep & Co fashion, accessories and general merchandise from its distribution centre at Swadlincote.

Mark Jackson, CFO of Pep & Co, said "We're delighted to bring Clipper into our Pep&Co team - they'll play a pivotal role in helping us deliver family fashion at amazing prices in our new high street stores."

Steve Parkin Executive Chairman of Clipper said: "We are delighted to have been selected to support Pepkor in the UK launch of its Pep & Co stores. This follows closely on the heels of several new contract wins for Clipper including a new ten year contract with John Lewis Partnership and the new Zara e-fulfilment contract announced last week. This clearly demonstrates the very significant progress made by the Group since its flotation last year. Our innovative, solutions driven approach to retail logistics makes Clipper class leading and the go to provider of logistics services in the UK."

Clipper Logistics PLC (CLG:LSE) set a new 52-week high during today's trading session when it reached 187.00. Over this period, the share price is up 66.22%.

Clipper Logistics PLC (CLG:LSE) set a new 52-week high during Friday's trading session when it reached 210.25. Over this period, the share price is up 75.56%.

Clipper Announces Collaboration with John Lewis
RNS
RNS Number : 9568T
Clipper Logistics plc
24 July 2015

Clipper Announces new Collaboration with John Lewis



Clipper Logistics plc ("Clipper" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has entered into a collaboration with its long-standing customer, John Lewis plc ("John Lewis"), to develop fulfilment solutions for Click & Collect orders.



The shopping habits of British consumers are undergoing rapid change, with an increasing proportion of online orders being fulfilled by customers collecting from store or other collection points (Click & Collect). As a result there is an increasing need for retailers to deliver innovative solutions that safeguard customer service whilst supporting forecast growth.



The new collaboration will enable John Lewis to take greater responsibility for ensuring that it continues to be well placed to fulfil the service commitment it makes to its customers, and will complement existing delivery services provided by the John Lewis green van fleet and other existing service providers.



Initially, from autumn 2015, Clipper will fulfil more than 40,000 customer orders every week to over 100 Waitrose shops. Future evolution of the collaboration beyond the initial phase will be determined between Clipper and John Lewis taking account of constantly evolving customer expectations.



Dino Rocos, operations director at John Lewis, commented: "Our customers are at the heart of everything we do and as their shopping habits continue to evolve, our approach to delivery needs to be responsive to this. We have worked with Clipper Logistics for the last seventeen years; as a retail sector leader, they are ideally placed to help us respond to our growing demand for omnichannel order fulfilment."



Steve Parkin, chairman of Clipper, added: "We are delighted to be working in collaboration with John Lewis to create a unique platform to support the rapidly growing Click & Collect customer proposition. Our expertise and experience in logistics solutions and fulfilment in an omnichannel age ensures we are well positioned to support John Lewis's order fulfilment as demand continues to increase."



Notice of Full Year Results



Clipper Logistics plc will announce its Full Year Results for the year ended 30 April 2015 on Tuesday 28 July 2015.

Final Results for the year ended 30 April 2015
RNS
RNS Number : 2170U
Clipper Logistics plc
28 July 2015



Clipper Logistics plc

Final Results for the year ended 30 April 2015

Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment services to the retail sector, is pleased to announce its Full Year Results for the year ended 30 April 2015.



Financial Highlights for the Year Ended 30 April 2015

· Group revenue increased by 16.7% from £201.2 million to £234.8 million

· Group Adjusted EBIT1 increased by 24.9% from £9.6 million to £12.0 million

· Group profit for the financial year was £7.3 million (2014: £2.8 million), after deduction of discontinuing costs of £0.3 million (2014: £2.3 million) and exceptional costs of £0.9 million (2014: £2.5 million); an increase of 157.3%

· Earnings per share increased by 157.0% to 7.3p (2014: 2.8p)

· Adjusted earnings per share2 increased by 20.1% to 8.4p (2014: 7.0p as restated)

· Net debt at 30 April reduced by 11.6% to £13.6 million (2014: £15.4 million)



1 Adjusted EBIT is defined as operating profit excluding discontinuing and exceptional costs.

2 Adjusted earnings per share is based on profit attributable to ordinary equity holders adjusted by adding back discontinuing and exceptional costs, and adjusting for the



tax thereon.

Percentages are calculated based on the underlying numbers as presented in the Financial Statements, not on the rounded figures above.





Operational Highlights for the Year Ended 30 April 2015

· Successful Initial Public Offering (IPO) on the London Stock Exchange

· Acquisition and integration of Servicecare Support Services Limited, broadening the Clipper service offering to include electrical returns

· Significant contract wins with new customers including Pep&Co, Philip Morris and Zara

· Long-term extensions to contracts with existing major retail customers including Harvey Nichols, New Look and Tesco

· Major new contract with John Lewis to provide a range of retail support services from a new distribution centre

· Adoption of the 'Boomerang' returns management brand proposition by a number of new and existing customers, including the first in mainland Europe providing value-added returns management services to s.Oliver under a new agreement

· Continued strong growth in the retail e-commerce market driving volumes with existing customers, and new contract opportunities

· Strong new business pipeline expected to deliver continued organic growth in the 2016 financial year





Post Year End Highlights

· Subsequent to the 30 April 2015 year end, the Company has agreed terms for a Click and Collect solution in collaboration with John Lewis





Steve Parkin, Executive Chairman of Clipper commented:

"The Group is proud to be continuously recognised throughout the UK's retail sector, as a leading provider of value-added logistics and e-fulfilment solutions and this is reflected in our latest set of full year results. Successfully implementing its strategy of both organic and acquisitive growth whilst working with some of the UK's most recognised brands, the business continues to drive shareholder value. Our new reporting year has started strongly with the signing of terms for a Click & Collect solution with John Lewis and we look forward to updating the market with further successes through the coming year."





2015 Annual Report and Accounts

The full 2015 Annual Report and Accounts for the Company can be found on its website at www.clippergroup.co.uk/report-accounts/, and the investor presentation relating to this Annual Report and Accounts can be found at www.clippergroup.co.uk/results-presentations/. Copies of the 2015 Annual Report and Accounts will be posted to shareholders shortly.





2015 Annual General Meeting ("AGM")

Clipper Logistics plc's 2015 AGM will be at Clipper Logistics, Gelderd Road, Leeds, LS12 6LT on 28 September 2015 at 11.00am. The Notice of AGM will be issued within the next month.





Forward looking statements

This announcement contains forward looking statements. These have been made by the Directors in good faith using information available up to the date on which they approved this report. The Directors can give no assurance that these expectations will prove to be correct. Due to the inherent uncertainties, including both business and economic risk factors underlying such forward looking statements, actual results may differ materially from those expressed or implied by these forward looking statements. Except as required by law or regulation, the Directors undertake no obligation to update any forward looking statements whether as a result of new information, future events or otherwise.

Raise

28 Jul Numis 290.00 Buy

IC - Clipper's fortunes may rely on the whims of the consumer, but its split between discretionary and staples businesses is likely to prove a ballast in stormier times. Its commercial vehicles business, which includes high margin servicing, is also growing nicely. The shares have doubled since IPO, but there should be more to come.

Clipper Logistics PLC (CLG:LSE) set a new 52-week high during today's trading session when it reached 310.00. Over this period, the share price is up 104.62%.

Ex dividend 03 Sep 2015 Clipper Logistics (3.2 P)

2 Oct Cantor... 265.00 Hold

Trading Update
RNS
RNS Number : 4491E
Clipper Logistics plc
04 November 2015

Clipper Logistics plc



Clipper (LSE:CLG), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, announces an update on trading ahead of its interim results for the six months ended 31 October 2015.



Trading for the first half of the year is in line with the Board's expectations, with growth in revenue, operating profit and net earnings.



The Board remains confident that continued organic growth in the Group's sectors, particularly e-fulfilment and returns management services, coupled with the benefit of new contract wins, will continue to deliver strong performance in the second half.



Clipper's interim results for the six months ended 31 October 2015 will be announced on Thursday 3 December 2015.

Clipper Wins New Contract with M & Co
RNS
RNS Number : 9295E
Clipper Logistics plc
09 November 2015



9 November 2015.



Clipper wins new Contract with M & Co



Clipper Logistics plc ("Clipper", "the Group" or "the "Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has signed a new contract with Mackays Stores Limited, which trades as M & Co.



The new contract commences on 1st January 2016 and extends through to the end of 2019.



M & Co is one of the largest privately-owned fashion retailers in the UK, and has been selling quality clothing for over 50 years. It has over 250 stores throughout the UK.



Clipper is a leading provider of consultancy-led, innovative logistics services, focussing on the retail sector. In addition to warehousing, distribution and associated services, it is a market leader in the provision of e-fulfilment and returns management services.



Under the new agreement, Clipper will be providing distribution services to M & Co's retail store base on an exclusive basis, using a mixture of dedicated and shared user vehicles from its distribution centres at Harlow, Avonmouth, Brighouse and East Kilbride.



Bryce Howie, Logistics and IT Director of M & Co said : "M&Co are pleased to be going into partnership with Clipper to service our extensive UK wide retail store estate. We are confident that this relationship will continue to enhance the service that we are able to provide to our customers, and that it will be mutually beneficial over the next few years for both Clipper and ourselves".





Steve Parkin, Executive Chairman of Clipper, said : "We are delighted to be appointed as exclusive provider of logistics services to the M & Co fashion stores. M & Co is a long-established fashion retailer who we are pleased to welcome to our ever-expanding client base".

Half Yearly Report
RNS
RNS Number : 7974H
Clipper Logistics plc
03 December 2015



CLIPPER LOGISTICS PLC



"Further strong growth in revenue and profits"



INTERIM RESULTS FOR THE SIX MONTHS TO 31 OCTOBER 2015



Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce its unaudited results for the six months ended 31 October 2015.



Financial Highlights



· Group revenue up 26.9% to £141.5 million (2014: £111.6 million);



· Group adjusted EBIT 18.1% ahead at £6.2 million (2014: £5.2 million);



· E-fulfilment and returns management services EBIT up 59.2% to £3.5 million (2014: £2.2 million);



· Non e-fulfilment logistics EBIT up 6.0% to £5.0 million (2014: £4.7 million);



· Commercial vehicles EBIT up 36.0% to £1.1 million (2014: £0.8 million);



· Group PBT up 52.9% to £5.5 million (2014: £3.6 million);



· Cash generated from operations up 75.4% to £7.4 million (2014: £4.2 million);



· Adjusted earnings per share up 19.4% to 4.3 pence (2014: 3.6 pence);



· Interim dividend up 25.0% at 2.0 pence per share (2014: 1.6 pence).



Operational Highlights



· Commenced e-fulfilment services for a major international retailer from a new distribution centre in Northampton;



· Commenced operations on a new Click & Collect collaboration with John Lewis;



· Implemented a new contract with Philip Morris;



· Returns management solution now fully operational in Germany following contract with s.Oliver;



· Agreed a four year contract to provide distribution services to M & Co commencing 1 January 2016;



· Strong performance in commercial vehicles division driven by new vehicle and parts sales;



· Continuing strong pipeline of new business opportunities.



Commenting on the results, Steve Parkin, Executive Chairman of Clipper, said:

"I am pleased to report that the Group has delivered results in line with our expectations, with strong revenue and profit growth, and further improved operating cash flow. 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 Servicecare acquisition, which was completed on 3 December 2014, has been immediately earnings-enhancing, and will deliver results in line with our expectations.



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.



We are pleased to announce an interim dividend of 2.0 pence per share, which will be paid to shareholders on 31 December 2015.



We remain confident for the future and look forward to updating our shareholders and the markets throughout the year."

3 Dec Numis 290.00 Buy
3 Dec Cantor... 265.00 Hold

director purchase

One of the Telegraph's share tips for 2016


Ashley Armstrong


Clipper Logistics


Clipper Logistics, which floated on London’s junior market in 2014, is tapping into one of the most important trends in the retail sector. It is effectively the plumbing behind John Lewis’s and other retailers’ click and collect services. However, what makes it really interesting is its so-called “Boomerang” service, which processes returned goods. The convenience of online shopping means items that don’t fit or aren’t suitable are sent back. British retailers lost £130m from the cost of handling returned items on Black Friday alone and with around 35pc of all goods bought online sent back to shops, the level of returns is only going to increase. The shares are riding high already, up by almost 70pc this year, but Clipper added Zara and South African billionaire Christo Wiese’s Pep&Co to its list of clients this year, and further wins are expected.

Trading Update: Progress on Click & Collect

RNS


RNS Number : 3424Z

Clipper Logistics plc

26 May 2016




Clipper Logistics plc

("Clipper" or "the Company")



Trading Update

Progress on Click & Collect



Clipper Logistics plc, a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that trading for the year to 30 April 2016 is expected to be in line with the Board's expectations, with continued growth in revenue, operating profit and net earnings.



Clipper is strategically well-positioned to capitalise on the continued structural changes in the retail sector. An ever greater proportion of retail activity is taking place online, and Clipper believe this continuing trend will provide further earnings momentum into future years.

The Company is also pleased to announce that facilitisation of its latest shared-use facility in Northampton is progressing well. The site will provide a variety of services to retailers including both pre-retail activity and returns management under the Company's "Boomerang" brand. John Lewis will be the key initial customer at the site, and in addition to other services Clipper will be managing returns of all product categories, including electrical products, for this iconic retailer.

Progress on Click & Collect

The proportion of online orders that are collected from store rather than being delivered to home has risen significantly over the last two years, leading Clipper to identify the need for a dedicated next-day sortation and delivery service into high street stores. We have entered into a collaboration with John Lewis to develop this proposition, and the service was introduced during the Autumn of last year, initially focussing on over 100 Waitrose stores.

Additional sortation capacity is currently being installed at the new Northampton site, which will enable Clipper to provide a nationwide Click and Collect service from the Autumn of this year, both for John Lewis and for other retailers.

Final results Tuesday 2 August 2016.

Final Results

RNS


RNS Number : 9090F

Clipper Logistics plc

02 August 2016




Clipper Logistics plc

Final Results for the year ended 30 April 2016



Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment and returns management services to the retail sector, is pleased to announce its Full Year Results for the year ended 30 April 2016.



Financial Highlights for the year ended 30 April 2016


·

Group revenue increased by 23.7% from £234.8 million to £290.3 million.


·

Basic earnings per share increased by 41.1% to 10.3p (2015: 7.3p).


·

Group Adjusted EBIT1 increased by 21.0% from £12.0 million to £14.5 million.


·

Adjusted earnings per share2 increased by 22.6% to 10.3p (2015: 8.4p).


·

Group profit for the financial year3 increased by 41.1% from £7.3 million to £10.3 million.


·

Dividend per share increased by 25.0% to 6.0p (2015: 4.8p).




1 Adjusted EBIT is defined as operating profit excluding discontinuing and exceptional costs.

2 Adjusted earnings per share is based on profit attributable to ordinary equity holders adjusted by adding back discontinuing and exceptional costs, and adjusting for the tax thereon.

3 Including discontinuing costs of £nil (2015: £0.3m) and exceptional costs of £nil (2015: £0.9m).

Percentages are calculated based on the underlying numbers as presented in the Financial Statements, not on the rounded figures above.



Operational Highlights for the year ended 30 April 2016


·

Successfully launched a Click and Collect collaboration with John Lewis, with plans to roll out across the Clipper customer base.


·

Commenced operations on the Pep&Co, Haddad and Zara contracts secured in FY15.


·

Secured new contract wins in the year with Browns (a Farfetch brand) and M&Co, both of which launched in FY16, and Kidly which launched in early FY17.


·

Secured increased space, rate and/or activity commitments with existing customers including British American Tobacco, Sainsbury's, SuperGroup, Bench, Wilko, Mint Velvet and Philip Morris.


·

Signed two new flagship 10 year leases in Northampton, one for 342,000 sq ft for exclusive use by Zara and one for 304,000 sq ft for a shared use facility with John Lewis as the anchor tenant. The John Lewis facility combines the service offerings of both Clipper and Servicecare.


·

Implemented a significant project for a single pool of stock with SuperGroup, making all inventory available to retail and e-commerce operations.


·

Increased the capacity at a number of our existing sites completing mezzanine floor builds at Swadlincote and Milton Keynes, with another two to be added in FY17 at Harlow and Northampton (Zara).


·

Strong performance in commercial vehicles division driven by new vehicle sales and aftersales activities.


·

Good progress in Servicecare in line with expectations. New Managing Director appointed to drive future growth and development strategy.




Post Year End Highlights


·

Subsequent to the 30 April 2016 year end, the Company also secured new contract wins with Links of London, and John Lewis for pre- retail and returns services




Steve Parkin, Executive Chairman of Clipper commented:

"The Group is proud of its reputation as a leader in the development of innovative logistics solutions to meet the challenges of retailers in an increasingly changing consumer landscape. Our latest set of full year results reflects the confidence that our customers, both long-standing and new, place in our ability to provide services that allow them to consistently achieve their service proposition to their customers. Clipper's strategy of driving organic growth and seeking targeted acquisitions, whilst working with some of the UK's most recognised and respected brands, continues to drive shareholder value. Our new financial year has started well with a strong pipeline of opportunities and we look forward to updating the market as these crystallise in the coming months. In addition, our new Click and Collect solution for the high street, developed in collaboration with John Lewis, will provide nationwide coverage from the Autumn and we are in discussions with a number of retailers about this unique service."



Forward looking statements

This announcement contains forward looking statements. These have been made by the Directors in good faith using information available up to the date on which they approved this report. The Directors can give no assurance that these expectations will prove to be correct. Due to the inherent uncertainties, including both business and economic risk factors underlying such forward looking statements, actual results may differ materially from those expressed or implied by these forward looking statements. Except as required by law or regulation, the Directors undertake no obligation to update any forward looking statements whether as a result of new information, future events or otherwise.

2 Aug Numis 290.00 Hold
2 Aug Cantor... 265.00 Hold

Notice of AGM

RNS


RNS Number : 3744J

Clipper Logistics plc

08 September 2016






Clipper Logistics plc

Notice of AGM

Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment and returns management services to the retail sector, announces that its 2016 Notice of AGM is now available in electronic form on the Company's website: http://www.clippergroup.co.uk/investor-news/ and will be posted to shareholders on Monday 12 September 2016. It will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.



The Company's Annual General Meeting will be held at Clipper Logistics, Gelderd Road, Leeds, LS12 6LT on 17 October 2016 at 11.00am.

New high.

Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Clipper signs new 10yr contract with John Lewis
RNS
RNS Number : 3078K
Clipper Logistics plc
20 September 2016
 
Clipper signs new 10 year Contract with John Lewis Partnership
 
Clipper Logistics plc ("Clipper", "the Group" or "the "Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has signed a new 10 year contract with The John Lewis Partnership to provide a range of retail support services from a new distribution centre at Grange Park, Northampton. This announcement follows the initial announcement made by the Company in March last year.
 
The new distribution centre, acquired by Clipper earlier this year specifically for John Lewis, will provide in excess of 500,000 square feet of capacity. Initial activity commenced in July 2016 and will support John Lewis' new distribution centre in Magna Park, Milton Keynes.
 
The site will not only be the National Returns Centre for John Lewis managing all e-fulfilment and store returns, but will also provide pre retailing services for John Lewis and a number of other ancillary service activities to support the John Lewis operations.
 
Steve Parkin, Executive Chairman said:
 
"Clipper has had a long and close relationship with John Lewis which continues to develop on a number of fronts. We are delighted to be partnering with them once more and to have finalised this long term contract to enable us to continue to support their operations in the UK"

Joint Venture with John Lewis
RNS
RNS Number : 0514O
Clipper Logistics plc
02 November 2016
 
Clipper Logistics plc
("Clipper" or "the Company")
Click & Collect Services
Joint Venture with John Lewis
 
Clipper Logistics plc, a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has entered into an agreement with John Lewis plc ("John Lewis") establishing a joint venture company (the "Joint Venture"), formalising the expansion of its provision of multi-user Click & Collect services to address the needs of retailers in the rapidly growing online marketplace.
Clipper identified a need for a dedicated next-day delivery service into high street stores, and this will be provided by the new Joint Venture.
The Joint Venture customer proposition has been developed by Clipper following extensive research by the two partners into the specific needs of retailers in addressing the ever-growing Click & Collect demands of consumers. This includes timed delivery to store in a retailer-friendly format, integration with retailers' customer service systems to provide customer and store updates, text messaging to retailers' end customers, and delivery into store in roll cages with clear "parent and child" relationships between the cage and the parcel in order to facilitate rapid parcel selection.
The service will be operated by Clipper with John Lewis providing expertise and insight into the retail market. John Lewis will also be a key customer of the service. The initial trial commenced in the fourth quarter of 2015, and involved a service for John Lewis's Click & Collect deliveries into 120 Waitrose stores. Following the success of this trial, the service has recently been expanded to over 300 Waitrose stores, providing nationwide coverage.
This highly innovative solution will now be extended to other retailers' stores, and a number of other customers are already using the service.  
The Joint Venture formalises the collaboration between John Lewis and Clipper first announced on 24 July 2015. The existing trade and assets of the collaboration have been transferred to the Joint Venture
Under the terms of the Joint Venture agreement, funding will be provided on a 50/50 basis by John Lewis and Clipper, and profits will be shared between the parties on the same basis. The gross assets at 30 April 2016 were £3.4 million. The consideration is initially £3.4 million in cash, representing the initial funding requirement of the Joint Venture, and a further £0.5 million should the Joint Venture require it in the first two years.
Commenting on the transaction, Steve Parkin, Executive Chairman of Clipper, said:
"This is a truly ground-breaking development which will revolutionise the provision of Click & Collect services to the High Street in Britain. We are delighted to have worked closely with our partners, John Lewis, to research and develop this unique service proposition which will address directly the challenges posed to retailers in this rapidly growing area of activity. The service is another demonstration of Clipper's ability to rapidly solve challenges posed to retailers, using our unparalleled understanding of the retail sector"
Dino Rocos, Operations Director of John Lewis, added: 
"Click & Collect continues to be our fastest-growing delivery channel, with deliveries to Waitrose making up the majority of those sales. This joint venture will provide a much more tailored service so that Click & Collect orders which reach Waitrose branches are handled in a more efficient way. It will enable us to continue to give an outstanding service to our customers, who love this easy and convenient delivery option."

Trading Update
RNS
RNS Number : 6678O
Clipper Logistics plc
09 November 2016
 
9 November 2016
Clipper Logistics plc
Trading Update
Clipper (LSE:CLG), a leading provider of value--added logistics solutions and e-fulfilment to the retail sector, announces an update on trading ahead of its interim results for the six months ended 31 October 2016.
Trading for the first half of the year is in line with the Board's expectations, with growth in revenue, operating profit and net earnings.
The Board remains confident that continued organic growth in the Group's sectors, particularly e-fulfilment and returns management services, coupled with the benefit of new contract wins and the recently announced Click & Collect joint venture with John Lewis, will continue to deliver strong performance in the second half.
Clipper's interim results for the six months ended 31 October 2016 will be announced on Thursday 1 December 2016.
 
-Ends-
 

Half-year Report
RNS
RNS Number : 6213Q
Clipper Logistics plc
01 December 2016
 
 
CLIPPER LOGISTICS PLC
 
"Continuing strong growth in line with expectations"
 
INTERIM RESULTS FOR THE SIX MONTHS TO 31 OCTOBER 2016
 
Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce its unaudited results for the six months ended 31 October 2016.
 
 
Financial Highlights
 
·     
Group revenue up 16.5% to £164.9 million (2015: £141.5 million);
·     
Group EBIT 23.2% ahead at £7.6 million (2015: £6.2 million), reflecting strong performance across all service lines:
 
o 
E-fulfilment and returns management services EBIT up 21.7% to £4.2 million (2015: £3.5 million);
 
o 
Non e-fulfilment logistics EBIT up 18.9% to £5.9 million (2015: £5.0 million);
 
o 
Commercial vehicles EBIT up 20.4% to £1.3 million (2015: £1.1 million);
·     
Group Profit Before Tax (PBT) up 25.5% to £6.9 million (2015: £5.5 million);
·     
Cash generated from operations up 67.0% to £12.3 million (2015: £7.4 million);
·     
Earnings per share up 23.3% to 5.3 pence (2015: 4.3 pence);
·     
Interim dividend increased by 20.0% to 2.4 pence per share (2015: 2.0 pence).
 
 
Operational Highlights
 
·     
Extended the Click and Collect network for John Lewis to full national coverage, and formally entered into a Joint Venture with John Lewis;
 
·     
Click and Collect network now available to other retailers following implementation of further software developments;
 
·     
Successfully launched returns and pre-retail processing services for John Lewis under a ten-year agreement at a new, shared-user logistics facility in Northampton;
 
·     
Agreed new contracts with M&S for returns and Halfords for inbound bulk handling and storage;
 
·     
Increased tobacco contract packing activities during transitional arrangements due to the EU's Tobacco Packaging Directive;
 
·     
Significant organic growth, both with long-standing customers and with more recent start-ups;
 
·     
Secured additional space at Daventry, Avonmouth and Tannochside in the UK, and at Hof in Germany in order to service increasing activity levels. Increased utilisation of space in Wynyard, Burton and Swadlincote;
 
·     
Evolution of the European business has continued to progress, with new contracts secured in Germany which will contribute marginally in the second half with full benefits in the next financial year;
 
·     
Strong performance in commercial vehicles division driven by new vehicle sales;
 
·     
New Managing Directors appointed at Servicecare and in Germany to drive and oversee strategic growth ambitions; and
 
·     
Continuing strong pipeline of new business opportunities.
 
 
Commenting on the results, Steve Parkin, Executive Chairman of Clipper, said:
"I am pleased to confirm that the Group has once again delivered strong results in line with the Board's expectations.
 
Revenue and profit growth has been strong in all sectors, and we have improved further our operating cashflow.
 
Our market-leading position in the high-growth area of e-fulfilment and associated services, has been enhanced further by the recent formalisation of a Joint Venture with John Lewis to provide a Click and Collect service dedicated to the needs of high street retailers. We expect this to significantly enhance profits in future financial periods.
 
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 a number of new contract wins.
 
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 Group is pleased to announce an increased interim dividend of 2.4 pence per share, which will be paid to shareholders on 30 December 2016.
 
The Board remains confident for the future, and look forward to updating our shareholders and the markets throughout the year."

Sharecast - Clipper Logistics shares are worth holding, according to Questor in the Sunday Telegraph. Retail logistics is Clipper's bread and butter, with the rise and rise of internet shopping being a big boon, especially the need to remotely return items. Clipper says its Boomerang returns service is the best as it ensures goods are returned in a state where they are ready for resale, which saves retailers time. Marks & Spencer is a customer, while Clipper's 10-year contract with John Lewis includes operating its national returns centre.

This contract with John Lewis also includes click-and-collect services, where items are bought online and picked up in store. This service is also being opened up to other clients and is expected to be a growth driver, along with expansion in Europe sometimes on the back of contracts with existing UK clients. Sales have grown on average by a compound rate of around 31% in the last decade and a half, while profit margins have remained little altered - and are expected to be slightly boosted by the move into click and collect. First-half results last week indicated trading continues to be positive, with significant increases in activity in all sectors.

Friday 30 December

INTERIM DIVIDEND PAYMENT DATE
Clipper Logistics

The Group is pleased to announce an increased interim dividend of 2.4 pence per share, which will be paid to shareholders on 30 December 2016.

Clipper signs new Contract with BAT

RNS


RNS Number : 8044V

Clipper Logistics plc

02 February 2017




Clipper Logistics plc



("Clipper" or "the Company")



Clipper signs new Contract with British American Tobacco UK Limited



Clipper Logistics plc ("Clipper", "the Group" or "the "Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has entered into a new contract with British American Tobacco UK Limited ("BAT").



The new 4 year contract will extend through to the end of 2020.



Clipper is a leading provider of consultancy-led, innovative logistics services, focussing on the retail sector. In addition to warehousing, distribution and associated services, it is a market leader in the provision of e-fulfilment and returns management services.



Under the new agreement, which also includes e-commerce support for Vype, BAT's leading vapour business, Clipper will be providing a full UK logistics operation inclusive of all warehouse operations in the UK and delivery to all BAT Customers in the UK using a mixture of dedicated and shared user vehicles from its various distribution centres.



Steve Parkin, Executive Chairman of Clipper, said:



"We are delighted to have been selected for this significant contract with BAT. This builds on the existing 25 year relationship the two businesses have had and the new contract win and extension of coverage to the whole of the UK is a testament to our approach to proactively building client relationships and delivering solutions for customers".

Clipper signs new contract with Halfords
RNS
RNS Number : 9750D
Clipper Logistics plc
03 May 2017
 
Clipper Logistics plc
 
Clipper signs new contract with Halfords
 
3rd May 2017.
 
Clipper signs a new 8 year contract with Halfords
 
Clipper Logistics plc ("Clipper", "the Group" or "the "Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has signed a new 8 year contract with Halfords to provide additional warehouse fulfilment and ancillary services from its distribution centre at Danes Way, Daventry.
 
The Daventry distribution centre has been developed as a multi-user facility over the last few months and provides in excess of 325,000 square feet of capacity. Halfords will be the anchor customer at the site.
 
Steve Parkin, Executive Chairman of Clipper said: "Clipper began its relationship with Halfords last year. I am delighted that we have been able to demonstrate our ability to act proactively as a team and to develop solutions which will make a real difference to the Halfords business. Our relationship with Halfords represents a true partnership which we anticipate will continue to evolve. We are delighted to have finalised this long term contract to enable us to support their operations in the UK."
 
Richard Street, Infrastructure Director at Halfords, said: "We are delighted with the partnership to date which has enabled us to consolidate all of our external storage and enhance pre-retail services. Working with Clipper will enable us to improve the service we offer customers both

Acquisition of Tesam Distribution Limited
RNS
RNS Number : 1664G
Clipper Logistics plc
25 May 2017
 
Clipper Logistics plc
 
Acquisition of Tesam Distribution Limited
 
Clipper Logistics plc ("Clipper", "the Group" or "the "Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce the acquisition of the entire issued share capital of Tesam Distribution Ltd ("Tesam").
 
Tesam is a provider of a variety of warehousing and distribution services to the retail sector. The business,which operates from three sites in and around Peterborough totalling more than 1.1m square feet of space, was established in 1984 and employees c.250 people.
 
Tesam is a strong and respected business which has shown consistent profit growth over recent years. In its financial year ended 30 June 2016, Tesam's audited accounts reported revenue of £19.6m, earnings before tax and interest of £1.8m and net assets of £3.1m.
 
The consideration is being funded in cash from Clipper's existing cash and bank facilities. The gross consideration paid is £11.75m, however the assets being acquired include cash of approximately £3.4m and a freehold property which will be sold post-acquisition and is expected to realise £2.7m net.
 
Tesam was principally owned by managing director Stephen Smith who will become a consultant to the Group following completion. The other members of the management team will remain as full time employees of the business.
 
The Peterborough operations are attractively located with highly competitive cost bases. Clipper plans to increase capacity at the key site at Ivatt Way through the installation of mezzanine floors and additional racking and handling capability. This will enhance the ability of the Group to implement its strong pipeline of new business. The acquisition of Tesam will be immediately earnings-enhancing to the Group.
 
 
Steve Parkin, Executive Chairman of Clipper commented:
 
"Tesam is a successful and robustly profitable and cash generative business which we have known for some time. The acquisition, coupled with our planned investment in additional capacity, will enable us to offer existing and prospective customers of both Clipper and Tesam greater operational flexibility, and will provide further headroom for the delivery of our strong business pipeline. We welcome the employees and management team to the Clipper Group and look

Final Results
RNS
RNS Number : 3667M
Clipper Logistics plc
28 July 2017
 
Clipper Logistics plc
Final Results for the year ended 30 April 2017
 
Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment and returns management services to the retail sector, is pleased to announce its Full Year Results for the year ended 30 April 2017.
 
Financial Highlights for the year ended 30 April 2017
·    
Group revenue increased by 17.2% from £290.3 million to £340.1 million.
·    
Group EBIT1 increased by 21.8% from £14.7 million to £17.9 million.
·    
Group profit after tax for the financial year increased by 20.6% from £10.3 million to £12.5 million.
·    
Earnings per share increased by 20.5% to 12.5p (2016: 10.3p).
·    
Cash generated from operations increased by 25.2% from £20.5 million to £25.7 million.
·    
Dividend per share increased by 20.0% to 7.2p (2016: 6.0p).
 
1 Group EBIT is defined as operating profit, including the Group's share of operating profit in equity-accounted investees, before amortisation of intangible assets arising on consolidation and any exceptional or non-recurring items.
Percentages are calculated based on the underlying numbers as presented in the Financial Statements, not on the rounded figures above.
 
Operational Highlights for the year ended 30 April 2017
·    
Entered into a joint venture with John Lewis, Clicklink Logistics Limited, which operates a shared user, retailer- focused Click and Collect solution to capitalise on rapid transition to in-store collections.
·    
Significant new contracts commenced with high profile retailers, including those with Halfords, Inditex, John Lewis and Links of London.
·    
The full year benefit was realised from contracts that went live during the previous year with Browns, M&Co, Pep&Co and Ireland's largest retailer.
·    
Organic growth in activities with ASOS, Morrisons, Wilko and Zara.
·    
Clipper's returns management services brand Boomerang saw another successful year with approximately 89% of product successfully returned to prime stock at first pass.
·    
Maintained excellent service levels throughout the 2016 Black Friday to Cyber Monday peak trading period.
·    
Developed our business in mainland Europe with the commencement of operations for Smiffys and Westwing.
·    
Strengthened the team with key strategic appointments of a Chief Operating Officer, a Group Human Resources Director, an Engineering and Technology Director and a new Managing Director in Germany.
 
Post Year End Highlights
·    
Completed the acquisitions of Tesam Distribution Limited and RepairTech Limited, both of which will be immediately earnings-enhancing, and will extend the breadth of our service offering.
·    
Further bolstered the senior management team with the appointment of a new Senior Operations Director in UK Logistics.
·    
Strong pipeline of new business opportunities with existing new customers.
 
Steve Parkin, Executive Chairman of Clipper commented:
"The Group is proud of its track record of consistently developing effective solutions to address the changing needs of retailers in today's continually evolving consumer landscape.  Our latest set of full year results reflects the trust and confidence that our customers have in our ability to enable them to achieve their service proposition to their own customers, through the provision of relevant and cost-effective services. Clipper's strategy of driving organic growth and seeking targeted, complementary acquisitions continues to enhance shareholder value.
 
As we move into our new financial year, we have a strong pipeline of new business opportunities, and we look forward to updating shareholders as these crystallise over the coming months. Clicklink, our Click and Collect solution owned jointly with John Lewis, now provides a multi-user platform which is gaining significant traction with other retailers. In addition, the recent acquisitions of Tesam and RepairTech broaden both our customer base and our suite of services, and will be immediately earnings-enhancing."
 
Forward looking statements
This announcement contains forward looking statements. These have been made by the Directors in good faith using information available up to the date on which they approved this report. The Directors can give no assurance that these expectations will prove to be correct. Due to the inherent uncertainties, including both business and economic risk factors underlying such forward looking statements, actual results may differ materially from those expressed or implied by these forward looking statements. Except as required by law or regulation, the Directors undertake no obligation to update any forward looking statements whether as a result of new information, future events or otherwise

Contract
RNS
RNS Number : 7476T
Clipper Logistics plc
17 October 2017
 
17 October 2017
Clipper Logistics plc
New Contract Win
Clipper announces new European returns contract for ASOS
 
Clipper Logistics plc ("Clipper", "the Group" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has entered into a new contract with ASOS to handle European returns from Clipper's multi-user site in Poznan, Poland.
Under the contract, which is for an initial three year term, 350 new jobs will be created at the Poznan site, which currently services the Westwing business. The new ASOS contract will commence in October 2017.
Steve Parkin, Executive Chairman of Clipper, commented: "This new contract represents a major achievement in the delivery of our European expansion strategy. The Group remains focussed on winning new contracts with both new and existing customers, in both the UK and Europe, and we hope to update the market with further wins in the coming weeks."

Trading Statement
RNS
RNS Number : 6244W
Clipper Logistics plc
16 November 2017
 
 
 
16 November 2017
 
Clipper Logistics plc ("Clipper")
 
Trading update
 
Clipper (LSE:CLG), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, announces an update on trading ahead of its interim results for the six months ended 31 October 2017.
 
Trading for the first half of the year is in line with the Boards' expectations, with growth in revenue, EBIT and net earnings. The acquisitions of Tesam Distribution and Repairtech during the period have gone well, with both fully integrated and performing in line with our expectations.
 
The Board remains confident that the combination of continued organic growth in the Group's sectors (particularly e-fulfilment and returns management services), new contract wins and the development of Clicklink will continue to deliver strong performance by the business in the second half.
 
Clipper's interim results for the six months ended 31 October 2017 will be announced on Thursday 7 December 2017.
 

Thursday 7 Dec 17

Trading statement
Clipper Logistics

New five-year contract with Superdry
RNS
RNS Number : 3537Y
Clipper Logistics plc
05 December 2017
 
5 December 2017
 
Clipper Logistics plc
("Clipper" or "the Group")
 
New five-year contract with Superdry
 
Clipper Logistics plc (LSE:CLG), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has secured a five-year extension to its contract with Supergroup plc ("Superdry").
 
Superdry has been a customer of Clipper for five years, and the new agreement will see Clipper continue to provide warehousing, store delivery, e-fulfilment and returns management services, in addition to other value-added services through to September 2023.
 
Clipper is a leading provider of innovative warehousing, distribution and associated services, and is in addition a market leader in the provision of e-fulfilment and associated services including returns management, focusing on the retail sector.
 
Gordon Knox, Head of Logistics at Superdry, said: "For the last five years Clipper has worked closely with the team at Superdry to provide a first-class service to our iconic and dynamic business, maximising service delivery at optimum cost. We look forward to continuing to work with Clipper to ensure that our logistics infrastructure supports our ambitious plans, through continual evolution of systems and processes".
 
Steve Parkin, Executive Chairman of Clipper said: "Superdry has been a key client of ours for five years, and we are delighted that our long-term relationship will continue. Superdry is a world-leading brand that we are proud to support, and our innovative approach to development of solutions for dynamic retailers makes us the "go-to" provider of logistics services."

Interim Results
RNS
RNS Number : 6224Y
Clipper Logistics plc
07 December 2017
 
 
CLIPPER LOGISTICS PLC
 
"Continuing strong growth in line with expectations"
 
INTERIM RESULTS FOR THE SIX MONTHS TO 31 OCTOBER 2017
 
Clipper Logistics plc ("Clipper", "the Group", or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce its unaudited results for the six months ended 31 October 2017.
 
 
Financial Highlights
 
·             
Group revenue up 21.1% to £199.7 million (2016: £164.9 million);
 
·             
Group EBIT1 19.4% ahead at £9.2 million (2016: £7.7 million), reflecting strong performance across all service lines:
 

o  
 
E-fulfilment and returns management services EBIT up 25.7% to £5.3 million (2016: £4.2 million);
 

o  
 
Non e-fulfilment logistics EBIT up 6.3% to £6.3 million (2016: £5.9 million);
 

o  
 
Commercial vehicles EBIT up 13.5% to £1.4 million (2016: £1.3 million);
 
·             
Group Profit Before Tax and Amortisation1 up 21.0% to £8.4 million (2016: £6.9 million);
 
·             
Group Profit Before Tax (PBT) up 15.6% to £7.9 million (2016: £6.9 million);
 
·             
Cash generated from operations up 1.8% to £12.6 million (2016: £12.3 million);
 
·             
Earnings per share up 18.9% to 6.3 pence (2016: 5.3 pence);
 
·             
Interim dividend increased by 16.7% to 2.8 pence per share (2016: 2.4 pence).
 
 
1 As defined in Alternative Performance Measures section
 
 
Operational Highlights
 
·             
Extended our Clicklink click-and-collect network to other retail customers including Supergroup and Urban Outfitters;
 
·             
Successfully launched new operations for Secret Sales, M&S and River Island in the United Kingdom, and recently commenced returns operations with ASOS in Poland, leveraging knowledge and experience from existing ASOS returns activities in the United Kingdom;
 
·             
Commenced a major new sortation and distribution contract with the Edinburgh Woollen Mill Group, bringing with it new sites in Nantgarw (Cardiff) and Carlisle, and commenced a new transport operation with Crosswater Holdings Limited;
 
·             
Completed the acquisitions of Tesam Distribution Limited and RepairTech Limited, both of which are immediately earnings-enhancing. Tesam enhances our existing relationship with M&S and RepairTech brings new skills and customers to our electrical repairs and returns offering;
 
·             
Significant organic growth, both with long-standing customers and with more recent start-ups, including the commencement of new Vype operations for BAT;
 
·             
Strong performance in commercial vehicles division driven by new vehicle sales;
 
·             
Continuing strong pipeline of new business opportunities.
 
 
 
Commenting on the results, Steve Parkin, Executive Chairman of Clipper, 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."

Clipper Logistics PLC (CLG:LSE) set a new 52-week high during today's trading session when it reached 489.00. Over this period, the share price is up 30.40%.

Top Director Sells
Clipper Logistics (CLG)
Director name: Parkin ,Steve
Amount sold: 4,872,000 @ 430.00p
Value: £20,949,600.93

Clipper Logistics (CLG)
Director name: Mannix ,Tony
Amount sold: 498,237 @ 430.00p
Value: £2,142,419.20

Clipper Logistics (CLG)
Director name: Hodkin ,David
Amount sold: 498,237 @ 430.00p
Value: £2,142,419.20

Clipper Logistics (CLG)
Director name: Peel,Roger
Amount sold: 250,633 @ 430.00p
Value: £1,077,721.95

New Contract Win and Trading Update
RNS
RNS Number : 0070M
Clipper Logistics plc
25 April 2018


25 April 2018


New Contract Win and Trading Update

Clipper Logistics plc ("Clipper", "the Group" or "the "Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has signed a new contract with PrettyLittleThing.com Limited ("PLT"), part of boohoo.com plc, to provide logistics services to PLT at and from a new 600,000 square feet site in Sheffield.

The new contract will commence in July 2018 with the site employing approximately 1,200 people by the end of the year with an assortment of shift patterns including part time, night shift and student friendly working hours.

This will be a fast-moving fashion, shoe and accessories ecommerce logistics operation involving inbound deliveries from a variety of UK based and international suppliers over seven days a week. Various forms of automation and mechanisation can be introduced over the next five years to facilitate the anticipated significant growth.

Steve Parkin, Executive Chairman of Clipper said: "The new contract with Pretty Little Thing represents one of the Company's most significant contract wins and is demonstrative of our ability to deliver cost-effective solutions for retailers of any scale. We are delighted to have been awarded this contract with one of the fastest-growing online retailers, and look forward to working with the PLT team over the years ahead."

Mahmud Kamani and Carol Kane, joint CEOs of boohoo.com plc, commented: "We are delighted to have successfully concluded our negotiations and to be entering into a contractual relationship with Clipper which we hope will be a long, successful and prosperous partnership for both parties."

Trading Update

Clipper is also pleased to announce that trading for the year to 30 April 2018 is expected to be in line with the Board's expectations, with continued growth in revenue, operating profit and net earnings. Results for the year are expected to be announced in July 2018.

-Ends-

Preliminary Results
RNS
RNS Number : 0854W
Clipper Logistics plc
30 July 2018


FOR IMMEDIATE RELEASE
30 July 2018
Clipper Logistics plc
Preliminary Results for the year ended 30 April 2018

Clipper Logistics plc ("Clipper", the "Group", or the "Company"), a leading provider of value-added logistics solutions, e-fulfilment and returns management services to the retail sector, is pleased to announce its Preliminary Results for the year ended 30 April 2018.
Financial Highlights for the year ended 30 April 2018
·
Group revenue increased by 17.6% from £340.1 million to £400.1 million.
·
Group EBIT1 increased by 16.3% from £17.9 million to £20.9 million.
·
Group profit for the financial year increased by 14.6% from £12.5 million to £14.3 million.
·
Earnings per share increased by 13.6% to 14.2p (2017: 12.5p).
·
Cash generated from operations was £24.5 million (2017: £25.7 million).
·
Dividend per share increased by 16.7% to 8.4p (2017: 7.2p).
1. Group EBIT is defined as operating profit, including the Group's share of operating profit in equity-accounted investees, before amortisation of intangible assets arising on consolidation.
Percentages are calculated based on the underlying numbers as presented in the preliminary results, not on the rounded figures above.
Operational Highlights for the year ended 30 April 2018
·
Commenced significant new contracts with high profile retailers including Edinburgh Woollen Mill, River Island, M&S and ASOS.
·
Acquired RepairTech Limited in June 2017. This was immediately earnings-enhancing and successfully amalgamated with Servicecare to create a new Technical Services operation.
·
Acquired Tesam Distribution Limited in May 2017. This was immediately earnings-enhancing and successfully integrated into UK logistics by the year end.
·
Successfully opened our first facility in Poland where we have already secured three new contract wins.
·
Significant growth in activity with many of our customers including Asda, Morrisons, Philip Morris, Wilko and s.Oliver.
·
Commenced our first cross-border Technical Services operation, leveraging our existing UK relationship with Amazon to perform a similar operation for Amazon in Germany.
·
Development of a Team Clipper cultural programme enabling staff to understand their contribution to the success of the business and designed to augment continuous improvement, communication and engagement.
·
Launched our Fresh Start programme, working alongside a number of charity partners with the aim of providing work and career opportunities for those who may otherwise have challenges entering the job market.
·
Our commercial vehicles business continues to perform strongly.
Post Year End Highlights
·
Commenced a large e-fulfilment operation for boohoo.com subsidiary Pretty Little Thing.
·
Committed to a new site at Crick, UK in order to handle the increased scope of Halfords operations. We have committed to an additional site in Poznan, Poland to house one of the three new contracts secured in the year ended 30 April 2018, with construction scheduled for completion in 2018.
Steve Parkin, Executive Chairman of Clipper commented:
"The Group is proud of its historical track record of delivering significant organic revenue growth and integrating strategic, value-additive acquisitions. Our latest set of full year results show continued strong EBIT growth, growth achieved through remaining true to each of our core strategic principles: expanding the customer base, developing complementary services for customers, continuing to expand in Europe and identifying and seeking targeted, complementary acquisitions. We are excited by the new people initiatives we have launched in the year, including Team Clipper and Fresh Start, the former demonstrating our commitment to our people and the latter demonstrating our commitment to Corporate Social Responsibility. We are conscious of the wider forces affecting the UK retail sector; whilst this means that 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 both in the UK and internationally."
Forward looking statements
This announcement contains forward looking statements. These have been made by the Directors in good faith using information available up to the date on which they approved this report. The Directors can give no assurance that these expectations will prove to be correct. Due to the inherent uncertainties, including both business and economic risk factors underlying such forward looking statements, actual results may differ materially from those expressed or implied by these forward looking statements. Except as required by law or regulation, the Directors undertake no obligation to update any forward looking statements whether as a result of new information, future events or otherwise.

so why the collapse in sp?

From over the road -

pj0077
30 Jul '18 - 12:30 - 144 of 145
0 1 0
Very low quality of earnings reported by Clipper today.

The PBT of £17.97m was boosted by 'other net gains' of £2.4m, principally profits on property disposals. Strip these out & the Net Profit would have been £12.34m.

Analysts were forecasting £19m for y/e April 2019 - which implies huge profit growth of 54% to be in line with the current years expectations.

I'd expect 20-30% profit downgrades to come in the next few days

thanks for the explanation DC, though it is not a stock that has ever tempted me

The company sp made strong gains 2014 into 2015.

10:10 31/07/2018
Broker Forecast - Numis issues a broker note on Clipper Logistics
Numis today upgrades its investment rating on Clipper Logistics (LON:CLG) to buy (from add) and cut its price target to 500p (from 520p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

New Contract Win
RNS
RNS Number : 7049G
Clipper Logistics plc
08 November 2018

Clipper Logistics plc


New Contract Win
Clipper Logistics plc ("Clipper", "the Group" or the "Company"), is pleased to announce that it has signed a new contract, initially for three years, with Sportsdirect.com Retail Limited ("Sports Direct") to provide logistics services to Sports Direct at and from one of the two Clipper sites in Peterborough.