In 2023, Ukrposhta JSC increased its net income from sales by 12.2% compared to 2022 to UAH 11.58 billion, reducing its net loss by 36% to UAH 796.4 million, according to a report on the company’s official website on Thursday.
“Revenue growth is observed for all services, except for income from mailing, distribution of periodicals, payments, and a number of others,” the company said in a statement.
It is noted that against the backdrop of a 12.8% increase in the volume of written correspondence, revenues from the service decreased by 11% to UAH 1.5 billion.
The volume of distribution of periodicals decreased by 25.3%, and revenues from this type of activity fell by 40.6% to UAH 197.9 million due to falling demand for the service and delayed tariff revision, Ukrposhta noted.
In addition, the number of accepted utility payments decreased by 3.6%. The company explained this by migration of the population, destruction of utility infrastructure, and partly by the introduction of payment holidays.
According to the report, Ukrposhta’s revenue growth was driven by parcels, both domestic and international, as well as remittances. In 2023, the volume of domestic parcels increased by 34% to 50 million units, and revenues from the parcel delivery business reached UAH 1.7 billion.
Revenues from international postal operations (international parcels, small packages, EMS) amounted to UAH 2.7 billion. It is noted that the volume of international export shipments increased by 3.7% compared to 2022, while due to the growth of the exchange rate, revenues increased by 27.8%, Ukrposhta said.
In 2023, the company’s revenues from pensions and cash benefits increased by 4% to UAH 2.8 billion, while the number of pension payments decreased by 5.5%, which is significantly higher than the historical outflow rate, the report said.
According to the report, revenue from postal transfers increased by 88.7% to UAH 317.2 million, and from the sale of goods in branches by 2.8% to UAH 873.3 million.
It is reported that Ukrposhta has no arrears in payments to the budget and state trust funds. In 2023, the company paid UAH 2.99 billion in taxes, fees and mandatory payments, which is UAH 128.6 million more than in 2022.
The volume of Ukrposhta’s capital investments in 2023 amounted to UAH 526.7 million.
It is also noted that during 2023, the company fulfilled its financial obligations in a timely manner, including bond repayments of UAH 3.9 million, leasing of UAH 221.9 million, and loan servicing of UAH 231.9 million. As of the end of 2023, the company’s total debt amounted to UAH 1.73 billion, including UAH 1.008 billion in bank loans and UAH 170.2 million in financial leasing.
In 2023, the average number of Ukrposhta employees was 40.4 thousand, including 7.4 thousand postal operators and 12.5 thousand postmen. The average salary in 2023 was UAH 11.69 thousand. The company’s total labor costs in 2023 increased by 8.4% to UAH 5.97 billion.
The number of Ukrposhta’s stationary offices amounted to 4.69 thousand, and mobile offices – 1.86 thousand, the report says. Due to military operations, the company temporarily lost control of about 12% of its post offices, mainly in the occupied areas of Luhansk, Donetsk, Kherson and Zaporizhzhia regions.
Ukrposhta JSC’s investments in development in 2024 will amount to about UAH 1.3 billion of its own funds, the company’s CEO Igor Smelyansky said at the Forbes Ukraine Business Breakfast on Wednesday.
According to him, the investments will be directed to the organization of container exchange with the transportation of goods by large-sized transport, due to the growth of parcel shipments. Investments in the creation of container exchange capabilities on the basis of one branch amount to UAH 100 thousand, Smelyansky said.
In addition, in 2024, Ukrposhta plans to buy a letter sorting machine. The machine will sort up to 50 thousand letters per hour using the QR code of an electronic stamp. The unit will be purchased with credit funds, the company’s CEO said.
“Ukrposhta plans to open another 300 post offices in Ukraine “to make the coverage as we want it to be.”
The branches will be opened in Kyiv, Odesa, and Dnipro, Smelyansky said.
According to him, Ukrposhta will open 18 new sorting facilities in the next four months, and a sorting center in Lviv will start operating in two weeks.
At the same time, Ukrposhta will not develop the oversized cargo business due to the high costs of further delivery of goods related to taxes.
Ukrposhta’s CEO emphasized that the company has not abandoned the idea of acquiring the bank. According to him, the effect of the transfer of PINbank to the company will amount to UAH 5 billion over three years.
“We will reduce budget expenditures on pension delivery by UAH 5 billion over three years,” Smelyansky said.
In 2023, Ukrposhta increased the number of shipments by 40% and transported 15 million parcels with Ukrzaliznytsia, Deputy Prime Minister for Recovery and Minister of Community, Territorial and Infrastructure Development Oleksandr Kubrakov said on Facebook on Friday.
“The company is showing steady results. In 2023, Ukrposhta increased the number of shipments by 40%. It delivered 63.6 million units of humanitarian aid. In cooperation with Ukrzaliznytsia, it transported 15 million parcels,” the statement said.
According to the Vice Prime Minister, thanks to the established air service with the United States, more than 1 million Ukrainian goods shipped through Ukrposhta are successfully sold on American marketplaces.
By 2024, the company plans to automate the parcel sorting process and process 100% of shipments using robotic sorting lines, Kubrakov said.
“Ukrposhta has 27 thousand branches in Ukraine, 1.8 thousand mobile branches. The company employs 40 thousand people.
The Ukrainian state postal service enterprise Ukrposhta (Kyiv) announced a tender for compulsory insurance of drivers against transport accidents on January 31, according to the ProZorro electronic public procurement system.
According to the system, the expected cost of the services is UAH 771.375 thousand.
The deadline for submitting bids is February 8.
On January 25, the Ukrainian State Postal Communications Enterprise (USPCE) Ukrposhta (Kiev) announced its intention to conclude a contract with IC Guardian 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”, with the expected cost of the purchase of services of UAH 1.399 million price offer of IC “Guardian” was UAH 557.611 thousand,
IC “Krajina” – UAH 620 th, IC “Arsenal Insurance” – UAH 628,2 th, “Inter-Policy” – UAH 690 th, “European Insurance Alliance” – UAH 697,9 th, “Euroins-Ukraine” – UAH 706,4 th participated in the tender.
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.
“Ukrposhta is creating its own network of cargo offices, with 41 bulky cargo acceptance points planned to open in regional centers in 2024, the company said on Thursday.
“Analyzing the requests of customers and partners and the demand for services, the company is implementing a project of cargo offices specializing in receiving and delivering shipments. This will help to avoid queues at branches that also accept payments for bills, including utility bills and pensions,” Ukrposhta said.
It is noted that Ukrposhta’s cargo offices will be able to ship international and domestic parcels weighing up to 30 kg with a maximum side of 200 cm. Cash on delivery and the purchase of packaging will also be available.
In addition, the cargo offices will have a front line for receiving small shipments and a ramp with the ability to drive five- and ten-ton trucks.
In the future, Ukrposhta is considering raising the weight criteria or working without weight restrictions.
The project has already reformatted 13 branches in Kharkiv, Odesa, Khmelnytsky and Chernivtsi. In addition, a new branch has been opened in Kharkiv at 118 Heroiv Kharkivu Avenue. In the future, Ukrposhta will focus on key cities in the country with a population of 80,000 or more when opening new freight branches, the company said.
Among other things, closed-type cargo offices will be located on the territory of corporate clients, in particular, ROZETKA, Yves Rocher and Epicenter.
“Customers want to receive high-quality service, so the market directs us where to move despite all the difficulties of wartime. “Ukrposhta is launching cargo offices that are maximally adapted to receive and deliver large volumes of shipments. Container exchange is envisaged to significantly accelerate logistics processes,” the statement quoted Yosyp Bornak, Ukrposhta’s deputy director general for network development, as saying.
“Ukrposhta provides postal financial and other services in stationary and mobile offices in more than 27 thousand settlements of Ukraine. Thanks to Ukrposhta’s cooperation with postal operators in other countries, Ukrainians have access to about 660 thousand offices abroad.
