Logistics operator records best results in 50-year history
Europa Worldwide Group, which Minworth facilities at Prologis Park cover all four divisions of the business, has posted a turnover increase of 25 per cent up from £144m in year ending December 2017, to £180m in year ending December 2018.
The leading independent logistics operator’s annual financial show net profits have risen 62% from £3.2m (2017) to £5.2m (2018) and net assets have increased to £11m.
Europa’s presence in Minworth covers Europa Sea and Europa Showfreight as well Europa Road’s regional team and a 16,536m2 Europa Warehouse.
In May Europa announced a £250,000 investment in refitting the Birmingham site as part of a company-wide refresh to ensure all staff share in the same high standard working environments.
The results are Europa Worldwide Group’s best in the company’s 50-year history in terms of turnover and profit.
“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,” said Andrew Baxter, Managing Director at Europa Worldwide Group.
“Going forward, investment in services, new partnerships, new offices and new members of staff are our priority.”
Europa said that organic growth within the business is running at 20 per cent, boosted in 2018 with new business wins across its Road, Warehouse and Air & Sea and supplemented by the acquisition of Continental Cargo Carriers in June 2018.
This year Europa has already made 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,” added Baxter.
The specialist full and part-load operator is one of the biggest players on the roll-on roll-off market between Europe and the UK, reporting annualised turnover of £20m.