Leeds headquartered Clipper Logistics has reported a year of impressive growth, achieving sales of £400m and pre-tax profits of £17.9m as online retailing continues to flourish.

The listed firm noted many highlights and contract wins in the year to 30 April which has seen a 17% rise in revenues, from £340m in 2017 to £400m in 2018, and an increase in pre-tax profits from £16m to £17.9m.

Contract wins during the year include well-known retailers such as River Island, M&S, ASOS and Edinburgh Woollen Mill.

Clipper Logistics opened its first facility in Poznan, Poland, to house one of the three new contracts it secured during the year, with construction due for completion in 2018.

Clipper Logistics has also launched a cross-border technical services operation, using its established relationship with Amazon in the UK to deliver a similar operation for Amazon in Germany.

Steve Parkin, executive chairman, said: “We are conscious of the wider forces affecting the UK retail sector; whilst this means that we have to bring an element of caution into our planning, recent contract wins, together with a strong pipeline of new business activity and the further evolution of our Click and Collect proposition, leave the Group well positioned to achieve further growth both in the UK and internationally.”

Parkin added: “The Group is proud of its historical track record of delivering significant organic revenue growth and integrating strategic, value-additive acquisitions. Our latest set of full year results show continued strong EBIT growth, growth achieved through remaining true to each of our core strategic principles: expanding the customer base, developing complementary services for customers, continuing to expand in Europe and identifying and seeking targeted, complementary acquisitions.”