Record results for Europa Worldwide
Europa Worldwide revealed record turnover (GBP 205 million) and profit (GBP 6 million) in its annual financial results. In addition, the business has doubled the number of its employees and now employs over 950 people. Managing director Andrew Baxter said: "We have set our sights on aiming to hit a turnover of GBP 1 billion by 2027 through a combination of acquisitions and organic growth.”
Europa Warehouse reported a turnover increase from GBP 5 million in 2014 to GBP 18 million in 2019, after winning a number of significant contracts, existing customer growth and the acquisition of new sites in Rushden and Ashford.
Looking ahead, the division aims to double its portfolio with the launch of its new GBP 60 million 66,500 sqm logistics facility in the Midlands, set to be completed in June 2020. (mw)