Logistics firm predicts record year of turnover
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Logistics operator Europa Worldwide Group, which has 400 staff at three sites across the East Midlands, says it is on track to achieve record turnover and profits in 2021, with 2022 forecast to be even more successful.
Acquired by Notts entrepreneur Andrew Baxter in 2013, the company has recently invested in a new £60m state of the art 3pl facility at Midlands Logistics Park in Corby.
Europa’s local sites include its specialist technology team based near Worksop, a European road freight sales team based at Colwick Quays Business Park, in Nottingham plus the new warehouse facility at Midlands Logistics Park. The firm has 15 UK sites plus operations in Belgium, France and Hong Kong and employs more than 1,100 staff.
The firm’s board says it is expecting to achieve a record turnover of £260m this year, against £210m in 2020, increasing to £300m next year. Profits are expected to be £10m in 2021, an increase of £6.4m over 2020 levels which were depressed by the global pandemic and related lockdowns.
Rob Jones, finance director at Europa Worldwide Group, said: “Whilst our results for 2020 were below our expectations set at the start of the year, we are extremely proud of the way our teams tackled the severe double scenarios of the Covid-19 pandemic and Brexit. Our staff were kept safe, we kept our customers freight moving and given the market conditions we can be proud of our financial results”
“As a result of the work we put in during 2020, notably our preparations for Brexit and the return to more normal ‘post-Covid’ conditions, we are delighted with the performance in 2021 and the record levels of both turnover and profit that will be achieved.”
“This all demonstrates that Europa is a commercially resilient and forward-thinking logistics firm that can adapt quickly to unforeseen situations and changing market needs.”