EV Cargo reports surge in 2021 profits as net zero strategy gathers pace

EV Cargo said revenues sailed past £1bn last year, an increase of 70.5% for the global freight forwarding firm.

Announcing its full year results for 2021, the company said gross profit had increased by 47.1% to £144.5m and pre-tax profit rose from £6m in 2020 to £35.6m last year.

EV Cargo added that trading this year remained strong and in line with expectations.

The company is committed to being carbon neutral across scope 1 and 2 emissions by 2030 and it said its sustainability strategy “gained huge momentum” in 2021.

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Its strategic plan is to surpass £2.5bn in turnover by 2025.

Heath Zarin, founder, chairman and chief executive of EV Cargo, said: “I’m proud of EV Cargo’s record-breaking performance during 2021 and the progress we have made overall has exceeded even my own ambitious targets.

“Throughout 2021, global supply chains faced ongoing disruption and volatility.

“As we undertook our mission of managing supply chains for the world’s leading brands against a challenging backdrop, our colleagues excelled in managing our strategic relationships with air, ocean and road carriers, ensuring volume and price commitments were honoured.”