11. May 2022 | Important Notice

Decision to withdraw from the Russian market

 

We are deeply shocked by the violence of the war in Ukraine and by its devastating impact on the lives of millions of innocent people. We stand in solidarity with international sanctions and apply them without restriction.

We suspended all GeoPost/DPDgroup shipments to and from Russia on February 28th, 2022.  Today, we are taking the decision to withdraw from the Russian market.

Established in 2004, GeoPost/DPDgroup’s Russian subsidiary (DPD Russia) operates mainly domestic delivery services to individuals and small business customers. The company employs 3,000 people locally.

We are currently preparing an ownership transfer operation, in compliance with applicable regulatory requirements. Throughout the transition process, GeoPost/DPDgroup will continue to fulfil its obligations to its customers, suppliers, and employees. We anticipate a risk of impairment in the value1 of the company.

Upon completion the company will operate independently of GeoPost/DPDgroup which will have no more presence in Russia. GeoPost/DPDgroup will not benefit from this transfer of ownership.

In the face of this tragedy, we hope that peace will be restored in the nearest possible future.

 

1  On 31st December 2021, the value of the company for 100% of the shares was €128 million, based on its book value on GeoPost's balance sheet and a conversion rate of 1 EUR = 85.3 RUB.

 

 

 

28. February 2022 | Important Notice

Service disruptions due to the situation in Ukraine

Due to the situation in Ukraine, the following DPD services are temporarily suspended until further notice:

  • All shipping services to / from Ukraine

  • All shipping services to / from Russia and Belarus.

  • Domestic shipping services within Russia are being maintained.

We at GeoPost/DPDgroup are deeply concerned by the current situation in Ukraine, beyond the impact this crisis has on our daily operations.

As delivery experts and a company open to the world, to diversity and to solidarity, we fully embrace the statement of our co-player DHL :”As a company that enables trade between countries and peoples across the globe, we strive for a more connected world, with peace and prosperity for everyone.”

We extend our thoughts to the Ukrainian people – including those working in our businesses in the neighbouring countries: Slovakia, Hungary, Poland and Romania - and our colleagues at DPD Russia.

In the neighbouring countries & beyond, the desire to donate is naturally strong, and acts of charity may come from individuals or be coordinated at company level. That’s what we do as Business Units and as a Group.

Our people in the business units are mobilised to bring concrete support & assistance to those who are suffering.