EV Cargo hits £1.1 billion in revenue in 2021 - CILT(UK)
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EV Cargo hits £1.1 billion in revenue in 2021

19 December 2022/Categories: Freight Forwarding, Logistics & Supply Chain, Operations Management


EV Cargo posted record revenues of £1.127 billion, an increase of 70.5% from 2020. Gross profit increased by 47.1% to £144.5 million and profit before tax increased from £6.0 million in 2020 to £35.6 million in 2021. Trading in the current financial year remains in line with management’s expectations, as EV Cargo plans further expansion across the UK, Europe and Asia.

During 2021, EV Cargo shared its strategic plan to surpass £2.5 billion of revenue by 2025.

Heath Zarin, Founder, Chairman and CEO of EV Cargo, said: “I’m proud of EV Cargo’s record-breaking performance during 2021, and the progress we have made overall has exceeded even my own ambitious targets.

“Throughout 2021, global supply chains faced ongoing disruption and volatility. As we undertook our mission of managing supply chains for the world’s leading brands against a challenging backdrop, our colleagues excelled in managing our strategic relationships with air, ocean and road carriers, ensuring volume and price commitments were honoured.

“The ability to procure freight capacity combined with agility, investments in innovative technology and an impressive speed to market allowed us to launch new solutions in response to the challenges and move at pace to ensure continuity of service for our customers and minimise disruption to their flow of goods.

“Thanks to the dedication and service of our global team, EV Cargo is financially strong and robust with significant resources available to execute our growth strategy, complemented by an unparalleled breadth of capabilities in the markets in which we operate.” 

 

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