TIDMCLG

RNS Number : 6244W

Clipper Logistics plc

16 November 2017

16 November 2017

Clipper Logistics plc ("Clipper")

Trading update

Clipper (LSE:CLG), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, announces an update on trading ahead of its interim results for the six months ended 31 October 2017.

Trading for the first half of the year is in line with the Boards' expectations, with growth in revenue, EBIT and net earnings. The acquisitions of Tesam Distribution and Repairtech during the period have gone well, with both fully integrated and performing in line with our expectations.

The Board remains confident that the combination of continued organic growth in the Group's sectors (particularly e-fulfilment and returns management services), new contract wins and the development of Clicklink will continue to deliver strong performance by the business in the second half.

Clipper's interim results for the six months ended 31 October 2017 will be announced on Thursday 7 December 2017.

ENQUIRIES

 
                                  +44 (0)113 
 Clipper:                          204 2050 
 Steve Parkin, Executive 
  Chairman 
 David Hodkin, Chief Financial 
  Officer 
 Guy Jackson, Company 
  Secretary

Founded by Steve Parkin in 1992, Clipper is amongst the leading providers of value-added logistics solutions and e-fulfilment to the retail sector in the United Kingdom, with an expanding business in Germany, and employs nearly 4,000 people. The Group provides consultancy-led services within the online fashion and general merchandise sectors to its blue-chip client base including Harvey Nichols, ASOS, The John Lewis Partnership, Asda, Supergroup, Morrisons and New Look.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 16, 2017 02:00 ET (07:00 GMT)

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