Business news from Ukraine

Business news from Ukraine

Nova Poshta opens 31st post office in Moldova

Nova Poshta, the leader in express delivery in Ukraine, has opened a new post office in Balti, Moldova, bringing its total number of post offices in the country to 31.

“We have opened a new post office in the Moldovan city of Balti. Branch No. 4 at 8/4 Stefan cel Mare Street became the 31st Nova Poshta branch in the country. In the branch, you can send and receive parcels up to 30 kg,” the company said in a telegram.

“Nova Poshta has been operating in Moldova since 2014. At the very beginning, the company opened three branches in the country: in Chisinau, Cahul and Balti. In 10 years, Nova Poshta has increased their number to 30, opening three sorting terminals.

In the first half of 2024, Nova Post Moldova delivered 1.1 million parcels. In 2023, the company delivered 1.2 million parcels. Nova Post Moldova is among the three fastest delivery companies in Moldova.

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“Nova Poshta” has launched 1 MW solar power plant

Nova Poshta, the leader in express delivery in Ukraine, has launched a 1 MW solar power plant (SPP).

“A megawatt power plant has been launched on the roof of Nova Poshta’s Kyiv Innovation Terminal. The field of solar panels stretches over an area of 5 thousand square meters,” the company’s co-owner Volodymyr Popereshniuk wrote on Facebook on Monday.

The total investment in the project amounted to UAH 14 million.

The expected payback period is three years.

Popereshniuk announced plans to install industrial uninterruptible power supply systems and energy storage equipment to improve the efficiency of energy facilities.

“The key to the growth of investments in our energy independence, in particular, was the abolition of VAT on imports of energy equipment. We were able to launch our energy program, develop renewable energy sources and reduce consumption from the general power grid,” said the co-owner of Nova Poshta.

As reported, in April 2023, in response to Russian strikes on the power grid, Nova Poshta established Nova Energy to develop regular electricity generation and ensure the autonomy of the company’s facilities. Since August, the company has been selling small wholesale diesel fuel on the open market.

Mr. Popereshniuk announced plans to install industrial uninterruptible power supply systems and energy storage equipment to improve the efficiency of energy facilities.

“The key to the growth of investments in our energy independence, in particular, was the abolition of VAT on imports of energy equipment. We were able to launch our energy program, develop renewable energy sources and reduce consumption from the general power grid,” said the co-owner of Nova Poshta.

As reported, in April 2023, in response to Russian strikes on the power grid, Nova Poshta established Nova Energy to develop regular electricity generation and ensure the autonomy of the company’s facilities. Since August, the company has been selling small wholesale diesel fuel on the open market.

Popereshnyuk said that after the war ends and the situation with energy supply improves, Nova Energy will be sold as a non-core business.

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“Nova Poshta” increased parcel delivery by 15% to 486 mln in 2024

In 2024, Nova Poshta, the leader in express shipments in Ukraine, increased the volume of parcel deliveries by 15% year-on-year to 486 million, the company’s co-owner Vyacheslav Klimov said on LinkedIn.

“This year we also set a record for the number of parcels delivered – 486 million, which is 15% more than last year,” Klimov wrote on Monday.

According to him, last year Nova Post opened almost 9,000 new branches and parcel acceptance points (post offices – IF-U), in particular in frontline settlements. The total number of Nova Poshta service points has exceeded 37 thousand.

“We have also modernized our infrastructure, automated terminals, opened new sorting hubs and improved order fulfillment services so that companies can send their products faster and more efficiently,” Klimov said.

Earlier it was reported that according to the results of 9 months. 2024, the number of parcels and cargo delivered by Nova Poshta increased by 17% to 336 million parcels.

It was also reported that in October, there were 12 thousand Nova Poshta offices and more than 20 thousand post offices in Ukraine. The average number of employees is 35 thousand.

“Nova Poshta” has set new record – 2.24 mln shipments per day

Nova Poshta, the leader of express shipments in Ukraine, broke the record of 2023 by processing 2.24 million parcels per day on December 23.
The previous record was set by the company on December 18, 2023, when its branches processed 2.012 million parcels in one day.
“Nova Poshta broke the record by accepting an incredible two million two hundred thousand parcels for shipment in one day! What do these figures mean? The fact that the business continues to work, to support and develop the economy of Ukraine,” the company’s co-owner Volodymyr Popereshnyuk wrote in a Facebook post on Wednesday.
He noted that the record was set by all those who use Nova Poshta services, including entrepreneurs whose goods are delivered by the company, despite constant rocket attacks, deteriorating business conditions, tax increases, and regulatory pressure.
Nova Poshta clarified that the parcels contained mostly clothing, household goods, and decorative cosmetics.

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“Nova Poshta” increases investment in development in Ukraine by 40%

In January-September 2024, Nova Poshta, the leader in express delivery in Ukraine, increased its development investments in Ukraine by 40% to UAH 4.9 billion, the company’s press service said on Friday.
Over the course of nine months, Nova Poshta opened 940 new branches and installed 4578 new post offices, for a total of 5518 new service points.
“The network grew all over Ukraine, including in the frontline areas, where 126 new service points were opened. Thus, as of October 1, Nova Poshta’s network includes 12.4 thousand branches and 20.17 thousand post offices,” the company’s press service said.
The number of parcels and cargo delivered by Nova Poshta increased by 17% to 336 million parcels. The company delivered 11 million international parcels.
“As we have been doing since the first days of the war, we are investing in Ukraine’s victory. In the period from January to September this year, the group’s charity spending in Ukraine amounted to UAH 1.4 billion, which is UAH 266 million more than in the same period last year. Since the beginning of the full-scale invasion, the volume of investments in the victory has already exceeded UAH 4 billion,” the press service of Nova Poshta said.
Every day, as part of the Humanitarian program, Nova Poshta delivers parcels for the military from charitable foundations and volunteers at its own expense. In the first nine months of this year, the company has delivered 1.2 million parcels. Since the beginning of the full-scale invasion, almost 2.5 million.
Earlier it was reported that in January-September 2024, Nova Poshta reduced its net profit by 1.9 times compared to the same period in 2023 – to UAH 1.65 billion, and increased its revenue by 16.4% to UAH 30.81 billion. The company explains the decrease in profitability by an increase in charity expenses and an increase in depreciation expenses due to a significant increase in the investment program. Inflation and general price increases also had an impact.
The amount of taxes paid by Nova Poshta in Ukraine increased by 10% to UAH 8.6 billion.

“Nova Poshta” reduced its net profit by 1.9 times

In January-September 2024, Nova Poshta, the leader in express delivery in Ukraine, reduced its net profit by 1.9 times compared to the same period in 2023, to UAH 1.65 billion.
According to the company’s interim financial statements for January-September, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), net income increased by 16.4% to UAH 30.81 billion.
At the same time, the company’s gross profit increased by 6.4% to UAH 5.86 billion, while operating profit decreased by 10.5% to UAH 2.44 billion.
In the first nine months of 2024, the number of delivered parcels and cargoes amounted to 336 million, which is 16% more than in the same period in 2023.
“In January-September, Nova Poshta opened 5,518 new branches and post offices. The network grew all over Ukraine, including in the frontline areas, where 126 new branches and post offices were opened.
During this period, the company paid UAH 6.7 billion in taxes in Ukraine, which is 4% more than in the corresponding period of 2023.
Since the beginning of the year, Nova Poshta has invested UAH 4.1 billion in its development in Ukraine, which is 1.7 times more than in the same period last year (UAH 2.4 billion).
As part of the Humanitarian Mail of Ukraine program, the company makes shipments for the military from charitable foundations and volunteers at its own expense. In the first nine months of this year, the company delivered 1.2 million parcels. Since the beginning of the full-scale invasion, it has delivered almost 2.5 million.
“Nova Poshta provides a range of logistics services, delivering both small parcels and large cargo. The company provides express delivery of documents, parcels and bulky goods; postal and courier services to businesses, organizations and individuals; loading and unloading services, warehousing and storage; and transport activities – Nova Poshta provides delivery to each client – to the branch, post office, or address. The company also provides logistics and distribution services.
“Nova Poshta has about 12,000 offices across Ukraine and more than 20,000 post offices. The average number of employees is 35 thousand.

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