The parent company of Oostende based, Europa Road, Europa Worldwide Group, has reported a tripling in profits.
Europa Worldwide Group Profits
Profits have increased to €11.3m (£10m) from €4m (£3.6m) in 2020 – and a record €316m (£276m) turnover for the 2021 financial year (ending 31 December). In addition, for the last 12 months to August 2022, the company has already achieved an impressive turnover of €357m (£316m).
Europa Road Belgium
The company has been in Belgium since 2018, when it acquired Continental Cargo Carriers – a Belgium company with a long history for operating unaccompanied transport to the UK. On 1st September 2022, Continental Cargo Carriers became Europa Road.
The Group’s road freight division, Europa Road, has expanded from being one of the first to establish express services into mainland Europe, to being the market leader for Groupage in the UK. Established across the continent for optimising the flow of goods between Europe and the UK post-Brexit.
Europa Road is an established Groupage, Part Load and Full Load operator that optimises the flow of good between Belgium and the UK with service underpinned by unparalleled customs expertise and a unique DDP product.
Europa Post Brexit
Europa’s post Brexit DDP product which was launched following €5.8m investment at the start of 2021, in response to the UK’s departure from the European Union (EU). This market-leading DDP product is a specialist solutions to ensure the frictionless delivery of goods to the UK as they did before Brexit.
As one of the biggest players in road freight, Europa Road specialises in moving goods between Belgium and the UK and has been investing in its fully tracked fleet of 300 trailers which make over 22,000 crossings per year.
These latest financial results are testament to the progressive leadership team, which refuses to stand still and continues to take a proactive approach in driving the business forward whilst meeting ongoing challenges head-on.
Europa’s Industry Resilience
Despite a tough economic climate impacted by Brexit, and the global pandemic, Europa’s resilience comes down to the way in which it planned, prepared and invested. As global supply chain vulnerabilities were exposed during the pandemic, Europa simplified its own operating model whilst supporting customers and teams to do the same. This enabled everyone to excel in delivering their objectives through the most efficient and effective use of time and resources.
Rob Jones, Europa Worldwide Groups Finance Director
“We’re delighted with our latest results and would like to thank everyone at Europa for their immense contribution in delivering these. 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. 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.”
Europa’s Financial Outlook
With current predictions of a slowdown in worldwide economic growth, Europa is determined to weather this latest storm. The financial outlook for 2022 remains strong, and the Board has ambitious plans for the firm to become bigger, bolder and better, whilst consolidating its standing as one of the most exciting and top performing operators in the sector today.
The Belgium team is headed by Carlo Turner Non-Network and Continent Director who leads a growing team of 47 staff, based locally in both Belgium and the UK, he is also looking to expand the local team in Oostende with the introduction of market managers in strategically important hub locations.
Andrew Baxter, Chief Executive (CEO) Officer
“Our open and transparent approach has been key in adapting and optimising supply chains to unlock growth potential along the way. Our 2021 financial results – the best ever in the firm’s history – are testament to this, and the immense efforts we invested in Brexit, and preparedness to keep our customers’ freight moving despite the ongoing Covid challenges.
“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.”