We already know our economic data for 2021. And we could not be happier, since we have surpassed our growth target, established at 84 million euros, and reached a turnover of 100 million euros at the end of the year. A figure that represents a 55% increase in turnover compared to 2020, and which maintains our growth path since we were founded.
Our European subsidiary accounts for 63% of the total business, although our goal is to continue betting on the international business. With this goal in mind, we focus on Latin America due to the data of continued growth of our subsidiaries in Panama, Mexico and Chile. In this sense, Panama has become our second most representative subsidiary, with a turnover of 14 million euros, followed by Mexico and Chile, which have reached 8.6 and 5 million euros, respectively.
As of now we have launched more than 70 new projects with clients, the opening of new centres in Spain, Panama, Chile and Uruguay, as well as inorganic growth on the occasion of the purchase of Supreme Overseas in Panama. In addition to the diversification of clients to other related sectors such as jewellery, toys, sex wellness, home or sports. And the enhancement of our end-to-end value proposition with the development of new verticals such as forwarding and customs and Last Mile, which both have new equipment and their own technological platform.
“These growth results both at the Group level and by subsidiaries reflect the correct execution during the past year of our end-to-end value proposition, our commitment to growth in new service verticals, our diversification of the range of clients, and our inorganic growth through the acquisition of Supreme Overseas in Panama,” says Juan Manzanedo, CEO of Logisfashion.
With this data, we strengthen our position in the logistics market and consolidate our commitment to constant growth looking towards the next strategic plan, which aims to reach revenues of 126 million euros in 2022.
Similarly, we expect to increase turnover in our subsidiaries in Mexico, Chile and Panama during the current year: with the aim of doubling the business in Chile to reach 10 million euros and maintaining the constant growth in Mexico and Panama, reaching 11 and 17 million euros, respectively, by the end of 2022.
“For Logisfashion, 2021 has been a year of growth, development and the pursuit of new challenges. Therefore, during 2022 we will promote our strategy and end-to-end value proposition to be able to offer a comprehensive and differential logistics service”, adds Manzanedo.
In the face of our main projects, it is worth mentioning the consolidation of our last mile services, with a technological platform that will allow for total visibility of traceability, as well as the strengthening of the international transport and customs area.
Growth plans and objectives for 2022 with which we intend to maintain the challenge of continuous improvement to offer maximum efficiency in our services through permanent technological investment and the strengthening of our human team, with operational excellence as our oath.
