Nova Poshta - growth continues

10 December 2023

In Y2023 the number of Nova Poshta branches and delivered parcels exceeds the pre-war figures of 2021.

In November, Nova Poshta published the main results of its activities for the nine months of 2023.

According to the company's announcement, during the reporting period, Nova Poshta delivered 290 million parcels — by 10% more than in the same period of the pre-war year 2021.

1,646 new branches and 1,800 post machines were opened in the first nine months of Y2023. At the end of the period, the Nova Poshta network has almost 11,000 branches and 14,600 post machines (for comparison, before the full-scale war, at the end of 2021, Nova Poshta had about 10,000 branches).

It was previously reported that Nova Poshta planned to open 2,000 new branches in 2023, so we can conclude that development of the company is going in line with the plans.

The company's financial performance figures are also growing. Revenue for the first nine months of 2023 was UAH 25.7 billion, operating profit – UAH 2.7 billion, net profit – UAH 3.2 billion.

As a reminder, in 2022, according to Opendatabot data, Nova Poshta's revenue amounted to UAH 23.7 billion (against UAH 20.8 billion in the previous year), operating profit – UAH 2.5 billion, net profit – UAH 2.4 billion (UAH 2.8 billion in 2021), including 1.1 billion in dividends paid by related companies, primarily Nova Pay, whose net profit in 2022 was UAH 2.4 billion.

As of December 31, Nova Poshta's total assets amounted to UAH 15.7 billion, equity - UAH 6.5 billion.

Consolidated financial statements of Nova Poshta for 2022 have not been published by the company yet.