Logisfashion, a Spanish multinational specialising in applied logistics in the fashion and lifestyle sectors, has just announced its earnings at the close of the 2023 financial year, marked by the bolstering of its position in the global market. With invoicing standing at 146 million euros, it has achieved an 18% growth rate in comparison with figures from the previous year.
Data which display the performance levels that the multinational has attained throughout 2023, and in which the role of Spain in obtaining these positive results has come to the fore.
In this regard, the operations undertaken in our country have been particularly fruitful, allowing for Logisfashion to bill 92 million euros over its 10 hubs located in the country.
Likewise, the activities performed in the 18 hubs the multinational possesses in Latin American nations such as: Mexico, Chile, Panama, Colombia or Uruguay, have entailed an additional contribution to the company’s annual invoicing to the tune of 54 million euros. Specifically, Mexico has seen 58% growth in terms of sales in 2023 and closed 2022 with an increase of 50%.
Alongside the above, the logistics specialist has bolstered its standing in Latin America with the opening of new hubs in all its subsidiaries. Amongst these, Chile is worthy of special mention with the launch of two new hubs featuring 30,000 m2 floor space to process operations for two major international brands.
Over recent years, Logisfashion has undergone sustained financial growth, clearly visible in the positive evolution of its annual invoicing figures. In 2019, the company accomplished a turnover of 50 million euros. Upon the close of the 2020 financial year, a marked increase of 26% was recorded, thus reaching a turnover of 63 million euros. This upward trend continued into 2021, with a further increase of 59% which meant invoicing reached 100 million euros, with growth also significantly higher than the previous year. After this, this positive trend remained steady in 2022, with invoicing increasing by 26% to stand at 126 million euros.
This exceptional performance, alongside the multinational’s ability to adapt to the new and changing dynamics of the market, has meant Logisfashion has multiplied its revenue ten-fold since 2015, which has strengthened the company’s position in the competitive logistics sector.
Alongside this growth, which does not solely reflect financial success, the multinational is proving that it goes beyond mere figures as it boasts a current team of more than 4,000 employees which has allowed it to build a sturdy human team.
“We are delighted to see how our year-on-year earnings obtained confirm our dedication and strategic approach. This continuous growth does not solely validate our standing in the market, moreover, it also allows us to bolster our commitment to operational excellence and attain our customers’ full satisfaction.” Juan Manzanedo, CEO of Logisfashion said. Following these results, the company now places the spotlight on its growth and reviewing its forecast for the end of the 2024 financial year, with the aim of reaching revenues of 160 million euros by the end of this year.
