Logistics

Clipper Logistics sees revenues soar by 50%

Clipper Logistics plc has experienced “unprecedented levels of activity” in its operations in both the UK and Europe over the Black Friday and Christmas periods.

In a trading update the firm reported that for the months of November and December, revenues in its logistics business were 50% higher than in the corresponding period of the prior year, with strong growth in both “e-commerce related activities and non e-fulfilment services”. 

According to Clipper, the results continue the “strong performance seen in the first half of the financial year”, where it reported an increase in revenue from its logistics operations in the six months to 31 October 2020 of 27.9% to £270.2m.

In addition it noted that it has “fulfilled its one-billionth item of PPE ordered online through the portal established with eBay in the spring of last year”. This service has now been extended beyond local health care providers including GP surgeries and nursing homes, to educational and other communal establishments.

Steve Parkin, executive chairman, said: “Our strategic positioning in supporting the online trading of retailers both in the UK and Europe places us in a strong position to continue to deliver excellent returns to our shareholders. 

“I am immensely proud of the ability of our teams across the business to continue to support our customers’ exceptional growth. The strength of both our underlying markets and our new business activity provide us with an excellent level of confidence in the year ahead.”

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