Europa Worldwide reports 2020 slump in profits

Europa Worldwide reports 2020 slump in profits
 

Europa Worldwide Group’s investment in its Corby 3PL warehouse, coupled with the effects of Covid 19, led to a 39% reduction in profits in 2020, its accounts showed.

However, the logistics operator saw revenues rise by 2.5% to GBP210.7m in the year ending 31 December 2020.

Pre-tax profit dropped to GBP3.7m during the period, but in its business review the company explained: “Profitability decreased in the year mainly due to Covid 19 and the Corby investment, which impacted the warehouse […][1]

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References

  1. ^ Europa Worldwide reports 2020 slump in profits (motortransport.co.uk)
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