At Logisfashion, we have reasons to celebrate. We have surpassed the growth target for 2022, reaching a turnover of 126 million euros.
Despite the current geopolitical situation and the slowdown in economic growth, we have maintained a continuous and exponential growth since we were founded, reaching a 27% increase in turnover compared to 2021.
Along these lines, fulfillment for e-commerce and our different business models (crossborder, marketplaces) have an increasingly important role, representing 51% of our turnover. However, the diversification of services in the international transport and last mile verticals have boosted the value offer, completing our end-to-end proposal.
The weight of our business in Latin America also continues to rise, with 33% of the total, highlighting the 51% increase in turnover in Mexico and the significant growth of our subsidiaries in Uruguay and Chile, which closed last year doubling their turnover and structure.
A commitment to Latin America that is connected to the arrival of important regional projects and the incorporation into our infrastructure of a new logistics center in Panama, which will be the second warehouse in the Colon Free Trade Zone; in addition to the consolidation of Chile as an e-commerce hub with four centers and the construction of a category-A mega center, which will be opened in September of this year.
Among the portfolio of projects that we have added to our portfolio this 2022, we can mention H&M in Chile, Giorgio Armani in Mexico, Activision Blizzard in Spain and Pandora in Panama, among many others.
“Given the unstable geopolitical and economic environment we are currently experiencing, the fact that Logisfashion remains on the path of growth and achieving the objectives set at the beginning of last year is, once again, the result of the work of our entire team,”, says Juan Manzanedo, recently appointed CEO of Logisfashion.
In this way, we position ourselves as the international logistics partner of major fashion and lifestyle brands globally, through a comprehensive commitment to valued services, based on technological modernity for scalable growth and continuous improvement.
“Therefore, during 2023 we will continue with our firm end-to-end value proposition and digital sales ecosystems. As well as a business model that is committed to growth and diversification, the development of new businesses and industrial automation”,, concludes Juan Manzanedo.
Following these results, we have updated our expectations for the end of 2023, with the aim of reaching revenues of 160 million euros by the end of this year.
