(Alliance News) - Clipper Logistics PLC said Wednesday it saw "unprecedented" levels of activity in its logistics operations in both the UK and continental Europe over the Black Friday and Christmas periods.
The Leeds-based logistics firm said over November and December, revenue from its logistics unit was up 50% year on year, with the growth attributed to its e-commerce related activities and non e-fulfilment services.
This continues the strong performance seen in the first half of the financial year, Clipper said, where the company reported an increase in revenue from its logistics operations in the six months to October 31 of 28% to GBP270.2 million.
It added: "Of particular note is that Clipper 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."
Clipper said the increased activity gives it an "excellent level" of confidence, but warned additional revenue will not necessarily have a proportionate impact on operating profit given Clipper's contract mechanisms.
Executive Chair Steve Parkin 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."
Shares in Clipper Logistics were 1.3% higher in London on Wednesday at 595.90 pence each.
By Paul McGowan; paulmcgowan@alliancenews.com
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