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

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.