Ukrainian State Postal Service Enterprise (USPS) “Ukrposhta” announced on October 23 its intention to conclude a contract with IC “European Insurance Alliance” (both – Kiev) for services of compulsory insurance of civil liability of owners of motor vehicles (OSAGO).
As reported in the system of electronic public procurement “Prozorro”, the expected cost of the service amounted to UAH 1.162 million, the company’s price offer – UAH 345,105 thousand.
The tender was also attended by insurance companies “Guardian” with an offer of UAH 350.799 thousand, “Inter-Policy” – UAH 350.8 thousand, “Kraina” – UAH 553.8 thousand, “Euroins Ukraine” – UAH 569.9 thousand.
In the first half of 2024, state-owned Ukrposhta increased its revenue by 10.6% year-on-year to UAH 6 billion 170.2 million, while reducing its net loss by 34.5% to UAH 428.1 million.
According to the reports published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the company’s gross profit in the first half of 2024 increased 16.6 times – from UAH 31.1 million to UAH 550.6 million, while operating loss decreased by 43.6% to UAH 420.9 million.
In the first half of the year, national postal services accounted for the largest share of total revenues – UAH 3 billion 587.6 million (+19.5%), including the delivery of parcels and small packages – UAH 1 billion 895.2 million (+19.8%), written correspondence – UAH 741.8 million (+11.1%), international postal exchange – UAH 614.4 million (+34.5%), and subscriptions and delivery of periodicals – UAH 141.5 million (+36.5%).
Financial and related services brought Ukrposhta UAH 2 billion 203 million (+5.4%), including payment and delivery of pensions – UAH 1 billion 435.7 million (+0.1%), payment acceptance – UAH 561.8 million (+12.9%) and postal transfers – UAH 156.4 million (+19.5%).
Revenues from trading in the company’s own and commission goods decreased by 22.4% to UAH 377.8 million in the first half of the year.
It is noted that investment expenditures on non-current assets increased by 31.8% to UAH 312.1 billion.
It is specified that as of June 30, 2024, funds on demand and deposits in the amount of UAH 2 billion 105.7 million (as of December 31, 2022 – UAH 2 billion 275.1 million) were placed in three large Ukrainian state-owned banks.
It is noted that as of the middle of this year, the company’s current liabilities exceeded its current assets by UAH 3.49 billion, while at the beginning of the year they were UAH 3.01 billion.
According to the report, as of June 30, the company had about 28.84 thousand points of presence in Ukraine and 33.64 thousand employees.
It is emphasized that the company is gradually adapting to the difficult conditions by improving its business processes and investing in automation and continuous operations. In particular, by the end of the third quarter of 2024, it plans to complete the transition to automated parcel sorting and implement a new Track & Trace system.
“A special priority for the company is to prepare for a difficult winter in the face of possible blackouts. We are purchasing additional materials and equipment for heating, power supply and communications, including additional 3-in-1 devices for the network. The new BePost front-end system is being scaled up, and IT systems are being finalized to enable offline operation,” Ukrposhta said.
The company noted that it sees these measures not only as additional critical investments in continuity, but also as a potential opportunity to increase service volumes in the event of power outages.
According to its management, taking into account the probability of possible scenarios, Ukrposhta’s cash flows from operating activities for the 12 months to the end of the second quarter of 2025 are positive. The company has additionally assessed potential risks of its operations, primarily such as a shortfall in revenues from postal and financial areas during blackouts and additional costs for the winter.
“The corresponding stress test of the liquidity forecast demonstrates that the company will be able to continue to meet its obligations to creditors and complete key investment projects in the foreseeable future,” the report says.
As reported, in the first quarter of 2024, Ukrposhta increased its revenue by 10.1% to UAH 3.05 billion, reducing its net loss by 2.1 times to UAH 190.3 million.
Ukrainian State Postal Service Enterprise (USPS) Ukrposhta (Kiev) is holding a tender for services of compulsory insurance of civil liability of owners of motor vehicles (OSAGO).
As reported in the system of electronic public procurement “Prozorro”, the expected cost of the service -2.064 million UAH.
Documents are accepted until August 24.
On August 5, the Ukrainian State Postal Service Enterprise Ukrposhta (Kiev) announced its intention to conclude a contract of compulsory insurance of civil liability of owners of motor vehicles (MTPL) with Euroins Ukraine (Kiev).
According to the electronic public procurement system “Prozorro”, the company’s price offer amounted to UAH 24.41 thousand against UAH 68.107 thousand of the expected cost of purchasing services.
The tender was attended by insurance companies Inter-Policy with a price offer of UAH 27.2 thousand, Krajina – UAH 32.2 thousand, Guardian – UAH 32.3 thousand, ESA – UAH 43.9 thousand.
IC “Euroins Ukraine” in 2023 increased premiums by 20,4% compared to 2022 – up to UAH 565 mln and concluded 17% more insurance contracts – more than 662 thousand.
On July 23, the Ukrainian State Postal Communications Enterprise (USPCE) Ukrposhta (Kiev) announced its intention to conclude a contract with IC Guardian (Kiev) for the services of compulsory insurance of civil liability of owners of motor vehicles (OSAGO).
As reported in the system of electronic public procurement “Prozorro”, at the expected cost of the purchase of services1,151 million UAH price proposal of IC “Guardian” amounted to 363.3 thousand UAH,
The tender was also attended by “European Insurance Alliance” – UAH 369,01 thousand, “Inter-Policy” – UAH 524,9 thousand, “Euroins Ukraine” – UAH 1,036 million.
IC “Guardian” has been working in the insurance market since 2007. It is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020 it has received the status of a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU), has the right to sell “Green Card” policies.
The Ukrainian State Postal Communications Enterprise (USPPE) Ukrposhta (Kiev) announced a tender for services of compulsory insurance of civil liability of owners of motor vehicles (MTPL) on July 18.
As reported in the electronic public procurement system “Prozorro”, the expected cost of the service is UAH 1.151 million.
Documents are accepted until July 23.
