Logistics specialist Europa Worldwide Group reports a surge in profits to £10m months after investing £500,000 in a new Liverpool base. Tony McDonough reports

Europa Worldwide Group says its annual profits have almost tripled to £10m just months after opening a new Liverpool base.

Logistics specialist Europa launched its Liverpool operation at the Royal Albert Dock in May. In June LBN revealed the office had completed 90 import and export consignments in its first month. Europa also announced it was adding to its team.

For the year ending December 31, 2021, Europa is reporting a record turnover of £276m. Its £10m profits was a big rise on the previous year’s £3.6m. And it said this week in the 12 months to August this year revenues had totalled £316m.

50-year-old Europa selected Liverpool after carrying out research into suitable locations showing growth in European imports and exports. It operates multiple branches across the UK. It employs eight people at Edward Pavilion in the Royal Albert Dock led by Carolyn Hough.

During 2021, the Europa Air & Sea division contributed to its “robust” financial performance. As economies opened up, global air and sea freight forwarding grew by 14.9% and 6.6% respectively.

Rob Jones, finance director at Europa, said: “The group has demonstrated flexibility in helping its teams and customers adapt to an evolving marketplace and sustain high levels of overall performance.

“2021 was a year of consolidation for Europa, as we built on our strengths and developed bold new plans to drive forward growth across all three divisions. 

“It is an incredibly exciting time for the business, which maintains huge momentum, allowing us to accelerate our strategy to drive out complexity and deliver an even better service for our customers.”

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Chief executive Andrew Baxter added: “Special thanks must go to our dedicated Liverpool team and the board for its sharp focus on innovation to ensure efficiency, agility and future sustainability.

“We will continue to build on our strong foundations to gain market share whilst also facing economic uncertainty head on, with flexibility and a determination to succeed for our customers.”