The NOVA Group, which includes the largest logistics operator Nova Poshta, invested UAH 5.3 billion in Ukraine in 2023, which is 2.5 times higher than the investment budget for 2022 (UAH 2.1 billion), the group said in a statement on Thursday.
“The level of Nova Poshta’s faith in the future of Ukraine in 2024 is even higher: this year it is planned to increase the amount of investments to UAH 7 billion,” the release said.
According to the release, last year NOVA also increased its tax payments by one and a half times to UAH 10.7 billion. It is specified that, in particular, Nova Poshta paid UAH 8.7 billion in taxes, and NovaPay paid UAH 1.2 billion.
The report indicates that last year, the largest amount of capital investment – UAH 2.4 billion – was directed to the construction of new sorting terminals and automation of those already in operation. It is noted that this allows the company to ensure an uninterrupted delivery process in the face of constant growth in cargo volumes and not lose speed: today the company delivers 1040 parcels every minute, and on peak loading days – 1400.
Another major expense item, according to the release, is the development of the network of branches and post offices for the purpose of walking distance accessibility, in which UAH 1.1 billion was invested. As a result, Nova Poshta’s network in Ukraine already includes more than 27 thousand service points.
Also, the investment budget of UAH 1.2 billion was used to automate workplaces and repair branches to make them convenient and barrier-free for different groups of consumers and employees.
It is specified that in 2023, UAH 233 million was spent on the renewal of the fleet of transport and BDF containers, UAH 338 million on IT and R&D, and UAH 17 million on the development of the fulfillment business.
