EUROPA Worldwide Group, the leading independent logistics operator which has two significant sites in Northamptonshire (Grange Park and Rushden) employing 120 staff, has announced its annual financial results for year ending 31 December 2018, showcasing record turnover and profit.
Turnover has increased by 25 per cent up from £144m in year ending December 2017, to £180m in year ending December 2018 while net profits have risen 62 per cent from £3.2m to £5.2m (2018). Net assets have increased to £11m
The results mark an exceptional year for Europa Worldwide Group, the best in the company's 50-year history in terms of turnover and profit.
Organic growth within the business is running at 20 per cent, boosted in 2018 with new business wins across the three largest trading entities: road, warehouse and air & sea, supplemented by the acquisition of Continental Cargo Carriers in June last year. 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.
Commenting on the results, 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. 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 Europa Worldwide Group added he was delighted with the results. He 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.
"Of course, our team is at the heart of Europa's success, wrapped in passion and personality. I am deeply committed to investing in people, offering opportunity and bringing on board the very best. Looking to this year, I am excited to see the continued roll out of our Rapid Career Development Programme, providing bright and passionate young people with fast track roles and career plans. I also look forward to continued investment in our state-of-the-art IT system, Leonardo, driving efficiencies by providing customers with full trackability and management of their shipments, including our latest development LeoClear which will be instrumental in managing customs clearance during Brexit and beyond.
"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."
Europa Worldwide Group is a specialist road, air & sea, warehouse and showfreight operator employing more than 900 people across its 16 sites in the UK (including 350 at its Dartford site), as well as Hong Kong and Belgium with representation in 100 countries.