Business news from Ukraine

Business news from Ukraine

“Nova Poshta” raises delivery tariffs on October 1

“Nova Poshta, Ukraine’s largest logistics operator, has raised its tariffs for the delivery of documents, parcels and cargo by an average of UAH 10 on October 1.
As the company posted on its website on Monday, a number of fees have been canceled, including the fee for the declared value of parcels returned.
Starting from October 1, sending documents in a branded envelope, which is included in the price, costs UAH 65, delivery of parcels up to 2 kg in the city costs UAH 60, up to 10 kg – UAH 90, up to 30 kg – UAH 140. For delivery in Ukraine, parcels up to 2 kg cost UAH 80, up to 10 kg – UAH 110, up to 30 kg – UAH 160. Cargoes over 30 kg are delivered between branches in the city with a coefficient of +0.5 UAH/kg, between branches in Ukraine: + 1 UAH/kg.
The fixed cost of packaging for parcels up to 30 kg when sent through a post office is UAH 15. Parcels can be packed free of charge in a branded package for 0.5 kg, 1 kg, 2 kg and 4 kg.
Nova Poshta explained the need to increase tariffs by the rising prices for energy – electricity and fuel – as well as rising consumer prices and inflation.
“By updating the tariffs, we are simultaneously introducing new technologies and improving the provision of services. The increase in tariffs will allow us to continue working and create an opportunity for Ukrainians to receive their parcels as quickly as possible,” Nova Poshta said in a statement.
It is noted that the company’s customers still have access to free services, including the service of return from the buyer to the seller if the goods do not fit; free parcel forwarding in Ukraine.

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“Nova Poshta” to open two offices in Spain, bringing its total number to eight

Nova Poshta, the largest logistics operator in Ukraine, is going to open two new offices in Spain – one in Barcelona and one in Benidorm, said Sergey Karputev, CEO of Nova Post in Spain.
“We are currently focusing on two areas of development: improving our services and developing our network. In the near future, we plan to open another branch in Barcelona and one in Benidorm,” he said.
According to the company’s press service, there are currently six Nova Poshta offices in Spain.
In Barcelona, the first branch was opened in September. It accepts shipments of up to 1 thousand kilograms.
The other five, in particular in Valencia, Alicante, Málaga and Torevieja, started operating in June-September. They accept parcels up to 30 kg.
In addition, Nova Poshta has started delivering parcels to post offices and pickup points. The company delivers prepaid parcels weighing up to 25 kg to 13.38 thousand InPost and GLS parcel delivery points, as well as to 1350 InPost post offices throughout Spain.
In this country, Nova Poshta customers can receive and send documents, parcels and cargo to/from Ukraine to other cities, as well as to 13 European countries where the company has offices. Delivery time: from Ukraine – from five business days, in Spain and between European countries – from one day, the press service said.
In addition, customers can order delivery or pickup by courier to any address in Spain.

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Boeing of Supernova Airlines of NOVA group of companies (Nova Poshta) has made its first flight

A Boeing 737-800SF from the fleet of Supernova Airlines of the NOVA Group (Nova Poshta) has completed its first flight between European airports, the press service of the NOVA Group reports.

“On September 18, 2024, Supernova Airlines made the first flight on its own Boeing 737-800SF aircraft flying the flag of Ukraine, with Ukrainian registration marks UR-NPA. This was a certification flight, one of the final steps in the process of introducing the Boeing 737-800SF type to Supernova’s operator certificate by the State Aviation Administration of Ukraine,” the NOVA press service said.

The airline plans to start regular commercial operation of the aircraft in the winter season of 2024-2025.

Earlier, a Boeing 737-800 from Supernova’s fleet operated a maintenance flight from Guangzhou (China) to Vilnius (Lithuania) with a technical stop at Tashkent Airport.

The company clarified that the use of air transportation saves up to 36 hours on the delivery of parcels from (or to) Riga compared to trucks. It was also reported that Supernova Airlines plans to form a fleet in the future using cargo versions of modern aircraft manufactured by Boeing or Airbus.

Supernova Airlines has received a Ukrainian operator’s certificate, which allows it to start cargo flights on January 6, 2023.

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Launch of Varus.ua delivery via Nova Poshta increased average check by 55% and turnover by 50%

After the launch of the online order delivery service Varus.ua via Nova Poshta in August, the average check increased by 55.14% and turnover by 50.57%, the retailer’s press service reports.
It is specified that the delivery service from Varus.ua is available to any city in Ukraine, and it is actively used in areas where there are no physical stores of the Varus chain.
In August, the top new regions where online orders were made were: Rivne, Lviv, Kirovohrad, Kharkiv and Donetsk regions. In the regions where the chain is present, the highest number of orders was made in Kyiv, Odesa, Dnipro and Zaporizhzhia regions.
The new service from Varus.ua can be used when ordering long-term storage products and non-food products, with a maximum order weight of 50 kg. Among the most popular products ordered by Varus.ua customers with delivery via Nova Poshta in August were snacks, pet products, beverages, tea, and coffee.
The cost of delivery is calculated according to Nova Poshta’s tariffs, and the estimated time for order picking and delivery is one day for most Ukrainian cities.
Varus is a national supermarket chain represented on the Ukrainian grocery retail market by Omega. The authorized capital of Omega is UAH 111 million 129 thousand, the owner is Weigant Enterprises Limited (Cyprus), the ultimate beneficiaries are Valeriy Kiptyk and Ruslan Shostak. In 2023, Omega’s revenue amounted to UAH 17.51 billion, which is 20% higher than in 2022, and net profit amounted to UAH 200 million, which is 69.5% higher than in 2022.
The first store of the chain was opened in 2003 in Dnipro, and the total number of its stores is 109 in different cities of Ukraine and a DarkStore in Kyiv. The chain operates in several formats: classic supermarkets, To Go stores, and the varus.ua conscious shopping service.
“Nova Poshta is the largest logistics operator in Ukraine. From the beginning of 2024 to the end of July, the company expanded its network in the country from 26.6 thousand to 30.1 thousand points: up to 12.1 thousand branches and 18 thousand post offices. As reported, in Ukraine, Nova Poshta LLC increased its unconsolidated net income in the first half of 2024 by 20.1% to UAH 20.12 billion, while the company’s net profit decreased by 38.1% to UAH 1.49 billion.

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“Nova Poshta” plans to increase investments in Moldovan market by 4.5 times

Nova Poshta LLC plans to increase its investments in the Moldovan market to $880 thousand in 2024, which is 4.5 times more than the volume of such investments in 2023, the company’s press service said on Wednesday.
“The bulk of the investments will be directed to expanding our network, repairing branches, automating workplaces, updating IT infrastructure, and increasing the fleet of vehicles for delivery by couriers,” said Sergey Shapran, CEO of Nova Poshta in Moldova.
In addition, in 2025, Nova Poshta plans to create a new sorting hub in Moldova, where business customers will be able to use fulfillment services.
According to the company, over the 10 years of its operation in this country, Nova Poshta has become one of the three fastest deliveries in Moldova, and has built a network of 21 branches, 261 post offices and three sorting terminals.
In addition, it was the first company in the Moldovan market to launch parcel delivery points on the basis of existing businesses: shops, gas stations, etc. Currently, there are 53 delivery points in Moldova, and the company plans to further expand its network.
According to the report, in the first half of 2024, Nova Poshta in Moldova delivered 1.1 million parcels, almost as many as in the whole of 2023 (1.2 million), and paid 12.5 million lei in taxes to the local state budget of the country.
“In Moldova, Nova Poshta delivers parcels from marketplaces in China, America, Ukraine, as well as to/from Romania.
The company is also working on integrating Moldova into the Nova Post Europe system, which will allow customers to send and receive parcels from 13 European countries.
In the first half of 2024, the company delivered 771 thousand international parcels, compared to 590 thousand for the whole of 2023.
As reported, in the first half of 2024, Nova Poshta increased its consolidated net income by 22.6% to UAH 24.45 billion, while the company’s consolidated net profit decreased by 36.9% to UAH 1.48 billion.

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“Nova Poshta” increased consolidated revenue by 22.6%

In the first half of 2024, Nova Poshta LLC increased its consolidated net income by 22.6% to UAH 24.45 billion compared to the same period last year, but its consolidated net profit decreased by 36.9% to UAH 1.48 billion.
According to the consolidated financial statements published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the company’s gross profit in January-June 2024 increased by 10.1% to UAH 6.05 billion.
It is noted that the profit from operating activities of Nova Poshta for the reporting period decreased by 9.2% to UAH 3.17 billion.
It is noted that investment expenditures on non-current assets increased by 20% to UAH 3.54 billion, and another UAH 70 million was spent on the purchase of a subsidiary. Although the cash balance for the first half of the year decreased from UAH 6.55 billion to UAH 5.39 billion, it was higher than a year earlier (UAH 4.47 billion).
As reported, Nova Poshta increased its unconsolidated net income by 20.1% to UAH 20.12 billion in the first half of 2024, while the company’s net profit decreased by 38.1% to UAH 1.49 billion.
“Nova Poshta is the largest logistics operator in Ukraine. From the beginning of 2024 to the end of July, the company expanded its network in the country from 26.6 thousand to 30.1 thousand points: 12.1 thousand branches and 18 thousand post offices.