Parent company of Europa Showfreight, Europa Worldwide Group said it is on track to achieve record turnover and profits in 2021 and 2022.
Despite the ongoing challenges arising from the global pandemic and Brexit, Europa’s Board is expecting to achieve a record turnover of £260m this year, against £210m in 2020, increasing to £300m next year. Profits are expected to be £10m in 2021, an increase of £6.4m over 2020 levels.
Birmingham based Europa Showfreight works on behalf of organisers, trade associations and service contractors to deliver bespoke logistical packages to exhibitors.
Andrew Baxter (pictured), CEO at Europa Worldwide Group, said: “Despite various worldwide restrictions Europa continues to trade profitably in the face of economic uncertainty and is on track.
“I am incredibly proud of our staff and look forward to collaborating with them as we get our growth plans on track and strive to hit our ambitious £400m turnover target.
“The past 18 months has certainly been challenging for the company, particularly due to the pandemic, with all exhibitions and events cancelled and fewer planes in the air for much of 2020, but our teams have already bounced back strongly.”
Rob Jones, finance director at Europa Worldwide Group, said: “Whilst our results for 2020 were below our expectations set at the start of the year, we are extremely proud of the way our teams tackled the severe double scenarios of the Covid-19 pandemic and Brexit.
“Our staff were kept safe, we kept our customer’s freight moving and given the market conditions we can be proud of our financial results.
“As a result of the work we put in during 2020, notably our preparations for Brexit and the return to more normal post-Covid conditions, we are delighted with the performance in 2021 and the record levels of both turnover and profit that will be achieved.”