Palletways operating profit rose to £4.7 million in the year to 31st May 21010 from £2.4m the year before.
Finance director Susan Hundleby said: “Palletways has made significant investments in Europe over the last few years and is therefore pleased to report year-on-year profit growth from this European expansion. The profit growth clearly demonstrates the strength and competitiveness of the business model and that it can be successfully transferred to other countries.
The group now offers collection and delivery services in 11 European countries. Hundleby said: “We are particularly pleased to see substantial volume growth in our pan-European business, which is operated by Palletways Europe GmbH.”