Courier company DODO increased turnover by 39 percent to CZK 1.3 billion

Logistics and technology company DODO has increased its turnover by 39 percent to CZK 1.3 billion in 2022. The number of orders placed by the courier firm rose 49 percent to 5.8 million shipments. DODO made the announcement today.

Last year, 2,300 couriers and 1,000 vehicles ran for DODO in seven European countries, where the company serves multinational and local clients across 13 segments ranging from groceries to ready-to-eat food to drugstores, small electronics and sporting goods. Among the best known are Tesco, Basket, KFC, supermarkets from the REWE group, Rossmann drugstores, Dr. Max and Benu pharmacies, as well as the Decathlon sports equipment chain.

Last year, the company also completed a rebranding and fully focused on wholesale services. In the middle of the year, the company raised CZK 1.5 billion from investors led by Daniel Křetínský and Patrik Tkáč for further development and expansion.

On DODO's busiest day, for example, the markets shipped 25,497 orders. Last year, foreign markets accounted for nearly 40 percent of the orders. Despite its very strong position on the domestic market, DODO is showing that the focus of its business will increasingly be abroad, with the company having big ambitions especially in Germany, Austria and Switzerland.

"During the past year, we have focused on setting up mechanisms for systematic expansion into the major Western markets, and in 2023 we want to make the most of this preparation. We continue to work on developing our own logistics platform, which is key to our operations and expansion, and we are equally focused on our franchise model to expand as efficiently as possible. We have strong references, investor support and capital to build local sales and operations teams. I am confident that we will be able to make significant progress on the expansion front over the next 12 months, with a focus on our core markets of Germany," said CEO Michal Menšík.

As growth continues, DODO is increasingly focused on sustainability. The company uses its own data-driven logistics platform, GAIA, which takes care of route planning to minimise mileage and further speed up delivery. At the same time, DODO regularly tests new delivery options, whether it was the use of electric jet skis for deliveries on Lake Balaton or the use of drones for urban delivery, which was recently tested in Budapest.

Source: DODO and CTK