Logistics firm keeps on truckin’ with best results in 50-year history
A Nottingham and Northampton logistics firm has posted the best revenues and profits in its 50-year history.
Europa Worldwide Group has seen turnover increase 25% cent; up from £144m in year ending December 2017, to £180m in year ending December 2018.
Meanwhile, net profits have risen 62% from £3.2m (2017) to £5.2m (2018).
Europa has been in Nottingham since 2014 and has a team at Colwick Quays Business Park as well as two warehouse sites employing 120 staff in Northants (Rushden and Grange Park) in Northampton.
Europa was acquired by Andrew Baxter, previously part of Nottingham-headquartered RH Freight, in 2013 and is currently seeing organic growth running at 20% per year.
Andrew Baxter
Rob Ross, finance and corporate services director at Europa Worldwide Group, said: “The financial results clearly position Europa Worldwide at the forefront of the logistics sector and are testament to the dedication and hard work of Europa’s team across our four divisions – Road, Air & Sea, Showfreight and Warehouse.
“Year on year we are blowing our previous results out of the water. Europa is a strong and sustainable business with a well-financed and efficient operating model. We are ambitious and will continue this rapid pace of progress to drive the business forward.”
Andrew Baxter, managing director at the firm, said: “2018’s results speak for themselves – despite a turbulent year for the logistics sector as a whole, Europa is winning with its determination to succeed and innovative approach.
“Going forward, investment in services, new partnerships, new offices and new members of staff are our priority.
“This year we have already celebrated a significant number of new business wins and acquired some of the trade and assets of Menzies Response to add to our growing portfolio.
“Furthermore, in a potentially unpredictable climate ahead of Brexit, we are on the front foot, having invested £2m into a reconfiguration programme of our Dartford HQ, 1Hub. This re-development has provided racking expansion and an extended transit zone in order to be Brexit-ready.
“With sector leading approaches and high-quality services, Europa is positioned at the frontline to thrive and deliver. This year is no exception and full of opportunity.”
