Europa Worldwide Group has revealed it aims to hit a turnover of £1bn by 2027.
Speaking at the company's first all-staff conference at the QEII Centre in Westminster, MD Andrew Baxter said: “Since taking over the company six years ago, my strategy was to put every piece of profit back into the business and this has certainly paid off. Across every division, we’ve seen fantastic results, and as we look ahead to 2020 and our vision for the future, we have set out plans to deliver exciting innovations, game-changing initiatives and outstanding efforts in every single area of the business.
“We have set our sights on aiming to hit a turnover of £1bn by 2027 through a combination of acquisitions and organic growth.
“Our strategy continues to focus on long-term profitability by improving our services to customers, whilst driving down costs and driving up quality. We have a great team at Europa - the best people in the business - so sharing our plans and vision with everyone is essential, as we continue to evolve and growth, which is why this year we decided to launch our all staff conference and I’m pleased to say it was a huge success.”
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Since Baxter acquired the company in 2013, turnover has increased three-fold and its profitability 16-fold. By the end of 2019, turnover had grown to £205m with profits of £6m. The business now employs over 950 staff.
The EuropaCom 2020 event was attended by 350 employees from the UK and beyond, including those working within its recently acquired businesses, Continental Cargo Carriers and Europa Contact Centre (previously part of Menzies Response).
Europa Warehouse revealed a turnover increase from £5m in 2014 to £18m in 2019, after winning a number of significant contracts, existing customer growth and the acquisition of new sites in Rushden and Ashford.
The division aims to double its portfolio with the launch of its new £60m 715,000 sq ft state-of-the-art, logistics facility in the Midlands, set to be completed in June 2020.
Europa Road, continued to reveal record results, with turnover increasing from £108m to £122m since last year.
Other areas addressed at the conference included new innovations within Europa’s IT department and continued developments with its bespoke IT solution, Leonardo, which will gradually be rolled out to every part of the business.
