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

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.