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    CLG   GB00BMMV6B79


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Clipper Logistics : opens new South Wales warehouse facility in partnership with wilko

10/18/2021 | 07:52am EST

Clipper Logistics, a leading provider of value-added logistics solutions, e-fulfilment and returns management services, is pleased to announce it has recently opened a new warehouse facility in Magor, South Wales, in partnership with home and garden retailer, wilko.

The new development, housed within wilko's existing Magor facility, will support the leading retailer's continued business growth and strategic plans. Building on the recent investment in modernising the site, this new addition sees the brand doubling down on its efforts to continually improve its operations.

Having worked with wilko for over 10 years, the partnership sees Clipper Logistics expanding its proposition for the retailer, having already carried out improvements at wilko's Ollerton warehouse in order to streamline processes and efficiently utilise the automation system to its full potential, allowing wilko to maximise output in its e-fulfilment business.

The opening of Clipper's second operation for wilko creates a proposition to manage over-size items, providing productivity benefits and allowing the brand to better serve the public. Through this, wilko is now able to enhance customer experience by delivering exceptional service to wilko customers.

Demonstrating the agility and responsiveness of both brands, the facility was up and running within just four months following Board approval from wilko and Clipper. Commenting on the remarkable turnaround, Mark Hale, Supply Chain Director at wilko commented: "Our strategy to grow our omnichannel proposition for our customers needed additional capacity as soon as possible, and this solution has provided just that. We've over 10 years' history of working well with Clipper and this time was no exception. Clipper really rose to the challenge and worked tirelessly, in tandem with our team members, to deliver this project on time, on budget and to specification."

Tony Mannix, CEO at Clipper said: "We are delighted to be able to deliver this new warehouse for wilko in order to support the brand's growth strategy. Having collaborated with wilko for a decade, it's great to be able to embark on new challenges together, providing innovative solutions to drive value for the business."


Clipper Logistics plc published this content on 18 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2021 11:51:00 UTC.

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Analyst Recommendations on CLIPPER LOGISTICS PLC
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Sales 2022 825 M 1 123 M 1 123 M
Net income 2022 27,0 M 36,8 M 36,8 M
Net Debt 2022 241 M 328 M 328 M
P/E ratio 2022 -
Yield 2022 1,78%
Capitalization 740 M 1 008 M 1 007 M
EV / Sales 2022 1,19x
EV / Sales 2023 1,04x
Nbr of Employees 9 000
Free-Float 77,2%
Duration : Period :
Clipper Logistics plc Technical Analysis Chart | MarketScreener
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Technical analysis trends CLIPPER LOGISTICS PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 3
Last Close Price 723,00 GBX
Average target price 896,67 GBX
Spread / Average Target 24,0%
EPS Revisions
Managers and Directors
Anthony Gerard Mannix Chief Executive Officer & Executive Director
Robert B. Calhoun President
David Arthur Hodkin Chief Financial Officer & Executive Director
Steven Nicholas Parkin Executive Chairman
Rebecca Kilduff Director-Information Technology & Solutions
Sector and Competitors