A Year In Review

During 2022, we made strong progress against our strategic objectives, despite the challenging market dynamics, most notably a general softening of demand through the year as consumer confidence was increasingly impacted by inflation, high interest rates and global instability.

As always, we are highly focused on taking decisive and consistent action to continue to grow our capacity and performance during challenging times. The agility of our business model, which allows us to quickly scale operations to align with market demands, alongside the strength of our leadership team and the collective efforts of our people globally, allowed us to compete favourably in the general market while delivering the best possible service to our customers.

Despite the challenging environment, we were successful in growing revenue across the business as we execute our strategic plan to build EV Cargo into a truly global freight forwarding, supply chain services and technology business.

EV Cargo had a strong year in 2021 and posted record revenues of £1.127 billion, an increase of 70.5% from 2020. Gross profit increased by 47.1% to £144.5m and profit before tax increased from £6.0m in 2020 to £35.6m in 2021.

The progress we have made during 2021 is due to our colleagues across the business and these exceptional financial results have been hard-earned by the collective efforts of our people globally.

EV Cargo is a solid, secure and successful business. Put simply, it is all about excellent people providing leading global supply chain and logistics services empowered by innovative technology.