Xpediator reports 60% revenue increase
Xpediator, the provider of freight management services across the UK and Europe, has reported a revenue of £116.3m for 2017, which was 60% up on the previous year.
Profit before tax increased by 65% to £2.4m, while adjusted profit after tax was up to £3.3m from £1.7million.
Stephen Blyth, Chief Executive Officer of Xpediator, commented: “2017 was a very successful year for the business as shown by our 60% increase in revenues which was primarily driven by organic growth across all three divisions.
“The combination of operating between mature western economies and fast growing CEE markets together with the ever increasing demand for ecommerce and fulfilment is creating a very positive market for our transportation services. We are therefore well placed to deliver a successful outcome for 2018.”