Clipper wins EWM contract and publishes strong results

Clipper Logistics has announced that it has signed a new 5 year contract with The Edinburgh Woollen Mill Group of companies to provide logistics services to the EWM Group on a predominantly exclusive basis throughout Great Britain.

Steve Parkin, Executive Chairman of Clipper said:

"Clipper began its relationship with EWM Group last year. I am delighted that, throughout a detailed tender process we have been able to demonstrate our ability to act proactively as a team and to develop a logistics solution which will make a real difference to the EWM Group's business. We are delighted to have finalised this long term contract to enable us to support the operations and anticipated growth of the EWM Group throughout Great Britain."

Mark Hebditch, Group Logistics Director at EWM Group, said:

"We are delighted to have successfully concluded our negotiations and to be entering into a contractual relationship with Clipper, initially for 5 years, but we hope that it will be a long, successful and prosperous partnership for both parties."

Separately, Clipper has also posted strong full year results.

Clipper Logistics’ full year shows an operating profit growth of 21.8 per cent, from £14.7 million to £17.9 million.

The results demonstrate a group revenue increase of 17.2 per cent, from £290.3 million to £340.1 million.

“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,” said Steve Parkin. “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.”

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