Europa Road, a dedicated division of the ambitious independent logistics provider, Europa Worldwide Group, has added two additional services to its operations in Denmark by sealing a new partnership with leading Nordic logistics company, FREJA.
FREJA’s reputable capabilities as a Scandinavian market leader, handling over 1.6m consignments per year, has enabled Europa to increase its daily Danish services. The route, which previously ran one way for exports, will now operate in both directions every day between Copenhagen and Denmark’s second largest city, Aarhus and Europa’s £30m groupage facility, 1hub, in Dartford.
The new partnership comes at a time of rapid growth for Europa, which is currently achieving 25 per cent volume growth across all divisions and aims to strengthen the company’s presence in Denmark and the rest of Scandinavia. The new daily routes, paired with a competitive pricing strategy and efficient service, help to further expand Europa’s European footprint and realise its ambition to become market leader between the UK and the continent by 2018.
Operations Director at Europa, Dan Cook, said FREJA has facilitated a huge step forward for Europa’s Danish product offering. He said:
“Our decision to work with FREJA is set to have implications on our whole European operation, with additional import services already providing huge benefits for existing customers, whilst also attracting new customers who can now capitalise on our increased capabilities.”
“As a business we have hit some major milestones in the past year and for the road division to reach its ambitious targets for the future, it’s essential to work innovatively and stay at the forefront of developments in our field. Working with leading players such as FREJA, which operates some of Scandinavia’s most specialised freight and IT systems, will help to strengthen our growth trajectory, cater for increasing demand for our services, improve efficiencies and help to grow our customer base in the UK and Denmark.”
It is now four years since Europa Worldwide Group was acquired by new Managing Director Andrew Baxter – and today the business is almost double the size it was at the time of the acquisition.
At that time turnover was £76m. This year turnover will be in the region of £145m and through a combination of organic growth and at least one acquisition, the company expects turnover to exceed £200m next year.
The company has recently reported its latest financial accounts (to year end Dec 31st 2016), showing that the leading independent logistics operator, which is headquartered in Dartford, increased its turnover to £116m and profits to £2.3m, with staff numbers increasing to 650.
Since Andrew acquired the business in August 2013, he has initiated some significant front-end restructuring.
He said: “For a large part of the last four years, growth was not the primary objective. However, now that the restructuring is complete, growing the scale of the business, whilst achieving satisfactory levels of profitability, is the core strategy.”
In the last four years, the business has expanded the reach of its Road operation across key European countries by selecting the very best partners to work with, has developed its Air and Sea teams as competitive arms of the business and has invested in its Warehouse facilities, attracting major retail brands from across the globe.
Andrew said: “As a result of the unfaltering commitment, dedication and passion of the team, we are now placed very strongly. We’ve made significant changes to ensure Europa is in the best possible position for growth and to secure its future in a highly competitive global marketplace.
“The plan now is to continue to expand through organic growth and acquisitions, initially by buying a £20-60m turnover freight business within the next 12 months. Our goal is then to hit the £200m turnover mark by the end of next year. Obviously, these are very ambitious targets, however, we believe that we have the foundations in place to make it happen.”
Key milestones already achieved in the last four years include the creation and implementation of Europa’s brand new, bespoke IT system Leonardo - an investment of more than £2m – the launch of many new products and daily lines, a fiercely competitive recruitment drive to attract the very best talent in the industry and a focus on developing all of the business’s international markets.
Andrew added: “We believe that we will continue to have strong organic growth of around 25 per cent across the business this year and we are planning to start developing additional lines to the continent directly from our 10 regional depots.
“Four years really have flown by and we’ve achieved a lot in such a short space of time. Team work, careful planning and a commitment to doing what’s right, rather than what’s easy, has got us this far and we are confident that the next four years and beyond can be just as fruitful.”