Revenues have approached the £300m mark at Leeds-based Clipper Logistics, with executive chairman Steve Parkin hailing the group’s second year as a listed company as one of growth.
The business enjoyed a 23.7 per cent rise in sales to £290.3m in the year ended 30 April 2016, up from £234.8m 12 months earlier. Pre-tax profit surged from £9.5m to £13.1m over the same periods.
Group adjusted earnings before interest and tax increased by 21 per cent to £14.5m, while net debt was £18.8m at the year end.
“Our latest set of full year results reflects the confidence that our customers, both long-standing and new, place in our ability to provide services that allow them to consistently achieve their service proposition to their customers,” said Parkin.
“Clipper’s strategy of driving organic growth and seeking targeted acquisitions, whilst working with some of the UK’s most recognised and respected brands, continues to drive shareholder value.”
Parkin added that the company’s latest financial year has started well with “a strong pipeline of opportunities”. It has also recently launched a new Click and Collect service, developed in collaboration with John Lewis, which will provide nationwide coverage from the autumn.
Clipper’s board is recommending a final dividend of 4p per share, making a total dividend of 6p per share, up 25 per cent on last year.
