Evri has reported a record-breaking number of parcel deliveries in 2023/24, as the º£½ÇÊÓÆµ's appetite for online shopping surged.
The firm distributed a whopping 730 million parcels to British homes in the year leading up to March, marking a 14.9 per cent increase from the previous year, as reported by .
This spike in demand saw Evri rake in record pre-tax earnings (EBITDA) of £292m, a near third increase on the preceding year, following a £32m investment in operational and customer service sectors. Revenue also climbed by 15.2 per cent to reach £1.7bn.
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Martijn de Lange, chief executive of Evri, attributed this growth to changing consumer habits: "The growth of online marketplaces including value-led market entrants and the rising popularity of pre-loved fashion, which shoppers see as an affordable and sustainable option, have reshaped shopping habits,".
He added, "Our differentiated, flexible business model and focus on service means the business is well placed to take advantage of new consumer trends, such as these."
This news follows Apollo Global Management's acquisition of Evri, formerly known as Hermes, for £2.7bn in July, taking it off the hands of its former private equity backers Advent International.
The º£½ÇÊÓÆµ delivery market, traditionally dominated by Royal Mail, has seen fierce competition in recent years, largely due to the rise in online shopping.
In addition, Evri has unveiled plans to recruit 8,000 new staff over the summer, along with around 1,000 warehouse and other supporting roles.
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"This unique model together with the business' track record of growth, and progress in executing our ambitious business plan were key factors that attracted Apollo Funds to acquire Evri in August," de Lange added.
"We are confident of further success under our new owner, who is committed to accelerating our growth strategy."