Clipper’s revenue rises

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CLIPPER Logistics saws its revenue rise last year as it secured a host of contract wins.

Clipper has announced its full year results for the year ended April 30 2015.

Group revenue increased by 16.7 per cent from £201.2m to £234.8m, while group adjusted EBIT increased by 24.9 per cent from £9.6m to £12.0m.

The Leeds-based company achieved “significant” contract wins with new customers including Pep&Co, Philip Morris and Zara. It has also secured long-term extensions to contracts with existing major retail customers including Harvey Nichols, New Look and Tesco.

Steve Parkin, the executive chairman of Clipper, said: “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.”