Evri aims to deliver a billion parcels annually by 2030, following a record performance in 2023/24, showcasing its innovative strategies.
- In the fiscal year 2023/24, Evri achieved a 15% increase in parcel volumes, surpassing 730 million deliveries, with over 99% arriving on time.
- The company reported over double profit before tax to £119 million, and a 33.7% rise in EBITDA to £292 million, with revenue reaching £1.7 billion.
- Evri has forged significant partnerships, including with Amazon and the Post Office, and plans major investments in technology to improve customer experience.
- Future plans include expanding its sustainability initiatives with a £19 million investment and growing its fleet of e-cargo bikes to 3,000.
Evri’s ambitious target of delivering a billion parcels annually by 2030 is firmly grounded in their successful performance during the fiscal year 2023/24. The company reported a 15% increase in parcel volumes, achieving over 730 million deliveries, with more than 99% of these parcels delivered on time. This notable operational success has been a testament to Evri’s effective business strategies and customer-centric operations.
In financial terms, Evri’s performance has been equally impressive. The firm reported more than doubling its profit before tax to £119 million, alongside a 33.7% increase in EBITDA, reaching £292 million. Revenue also saw a significant rise of 15.2%, bringing the total to £1.7 billion. These figures highlight the company’s robust financial health and its capacity to support future growth ambitions.
A core element of Evri’s strategy has been forming and strengthening key partnerships. The company has deepened relationships with major UK retail brands and forged new agreements, such as becoming an accredited carrier for Amazon’s Seller Fulfilled Prime. Additionally, the strategic partnership with the Post Office enhances accessibility, allowing parcel transactions at over 2,550 branches.
Evri is not only focusing on expansion but also on enhancing the customer journey through substantial technological investments. It plans to invest approximately £57 million to accommodate growing service demands, with a focus on enhancing the Barnsley Super Hub’s capacity and advancing data analytics and cyber security to improve operational efficiency and customer satisfaction.
Sustainability is another pivotal area for Evri, with plans to invest £19 million in this sector. The company aims to expand its fleet of e-cargo bikes to 3,000, reflecting a strong commitment to reducing environmental impact. Such initiatives are aligned with Evri’s broader goals of innovative growth and market leadership in the parcel delivery sector.
Looking ahead, Evri maintains a positive outlook for the fiscal year 2024-25, with parcel volume growth across various market segments, especially in online marketplaces and value-driven sectors.
Chief executive Martijn de Lange attributes these achievements to the dedication of Evri’s workforce and the company’s strategic investments, which have enhanced both operations and customer service. “Our differentiated, flexible business model and focus on service means the business is well placed to take advantage of new consumer trends,” he stated. Evri’s acquisition by Apollo Funds earlier this year is expected to further propel its growth strategy.
Evri’s strategic initiatives and solid partnerships poise it well for a prominent future in the parcel delivery industry, steering towards significant growth targets.
