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.
Ukrposhta JSC has opened a logistics terminal with automated sorting lines in Odesa, which handles 270,000 small and large parcels per day for the entire south of Ukraine, the company’s press service said on Tuesday.
“The peculiarity of it (the terminal) is that it is here that parcels for three regions – Odesa, Kherson and Mykolaiv – are sorted,” said Igor Smelyansky, Ukrposhta’s CEO.
According to him, by installing fully automated sorting lines, Ukrposhta can adaptively respond to changes in the military situation and, by reducing the possibility of errors during sorting, deliver parcels to their destinations quickly and accurately.
As Smelyansky clarified on Facebook, the new terminal in Odesa is equipped with equipment and software from a Ukrainian manufacturer with the ability to process three parcels per second.
It is noted that the opening of the Odesa terminal is part of Ukrposhta’s development and modernization strategy, which the company launched in 2021. Currently, the company has installed 17 automated lines in seven cities of Ukraine: nine lines sort small shipments and eight sort large parcels. Over the next two months, the company will open new terminals, logistics centers, and depots with innovative equipment in cities across Ukraine.
Smelyansky also noted that Ukrposhta plans to complete the automation of facilities in all seven terminals and 16 logistics centers by 2024.
JSC “Ukrposhta” in January-March 2024 increased income by 10.1% year-on-year to UAH 3.05 billion, reducing net loss 2.1 times to UAH 190.3 million.
“Net income from the sale of products (goods, works, services) For the first quarter of 2024 is UAH 3.05 billion, which is UAH 340.2 million or 10.0% less against the plan and UAH 280.4 million or 10.1% more against actual data for the first quarter of 2023,” the company said on its website on Wednesday.
Non-fulfillment of the income plan is due to the fact that the company was not able to provide services in full on the territories where hostilities are conducted and on temporarily occupied territories. At the same time, for a number of basic services there is an increase in sales volumes, which allowed to ensure the growth of income compared to the same period last year, indicated in JSC “Ukrposhta”.
EBITDA of the company in the I quarter of 2024 amounted to 83.7 million UAH.
“Ukrposhta” in the first quarter of 2024 received domestic and international shipments in the amount of 24.1 million units of written correspondence, 12.4 million parcels. Also, paid 3.5 million transfers and 9.5 million pensions and cash benefits;
1.2 thousand titles of periodicals of Ukraine were distributed by subscription and retail, which amounts to 16.7 million units, including 14.3 million units by subscription and 2.4 million units by retail.
Ukrposhta JSC had 5.57 thousand stationary outlets and 1.86 thousand mobile outlets. The average number of full-time employees as of the first quarter of 2024 is 34.258 thousand people, including postal operators – 7.053 thousand, postmen – 7.974 people.
The average salary of a full-time employee of Ukrposhta in the I quarter of 2024 13.799 thousand UAH.
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.
