Ukraine's Nova Post to enter Austrian, Dutch markets before year-end

MOSCOW. Aug 22 (Interfax) - Nova Group of Companies, Ukraine's largest logistics operator, plans to bring Nova Post to the Austrian and Dutch markets before the end of 2024, Ukrainian media outlets cited the company's press service as saying on social media.

"We opened branches in four countries - Italy, the United Kingdom, Spain and France - in the first half of 2024 alone. Austria and the Netherlands will join them before the end of the year," Nova Post said.

Nova Group continues to expand its presence in European Union countries' markets, integrating with local partners to develop door-to-door delivery and cover the entire country through a network of parcel terminals and service points, it said.

"In addition, we have launched delivery between EU countries," Nova Post said. A total of 12,300 parcels were delivered between EU countries in three months and a half, it said. The largest number of parcels was sent from Poland, 4,800, including 2,200 delivered to Germany. Germany also ranked second by shipments to the EU, 1,600, including 1,100 to Poland.

The third most popular route is Romania-Moldova, it said.

As reported, Nova Post co-owner Vladimir Popereshnyuk said on social media on November 11, 2023 that the company was planning to open branches in 17 countries in January-September 2024. Popereshnyuk said in a recent interview with Forbes that this plan had been fulfilled by 22% in mid-August 2024. The company will launch operations on a total of six new markets before the end of this year, he said.

Nova Post currently has 104 own outlets in Europe and also operates via over 68,700 partner service posts.

As reported, the company's unconsolidated net income in Ukraine grew 20.1% to 20.12 billion hryvni in the first half of 2024 year-on-year, while its net profit dropped 38.1% to 1.49 billion hryvni.