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

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.

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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."