Omniva has reported its commercial revenue grew by 25% in the first half of 2017 compared to the same period last year, with more growth seen in all the company’s business areas.
The growth has been credited to the rapid development of e-commerce that increased the revenue of Omniva’s international business, as well as of parcel services provided in the Baltic countries, its home market.
In the first half-year of 2017, the group’s total commercial revenue was 1.8m (US$2.13m).
Joona Saluveer, chairman of the management board of Omniva, said, “Continuously and rapidly growing is more characteristic of start-ups and small businesses, so for a company with a turnover of more than 100m, this is truly remarkable. Omniva is a strong and growing group that has made the right decisions regarding expansion, found new business areas, and managed to make a profit in areas with decreasing volumes.”
International business continued to be the area with the most rapid growth in the Omniva group in the first half-year of 2017 76% compared to the same period last year. The main focus of international business is the logistics of parcels from Chinese e-commerce to everywhere in the world.
The group’s revenue from the parcels business grew by 14% in the Baltic region compared to the same period last year. The Parcels Business had an especially significant increase in Latvia, up 65%. In Lithuania, the revenue from the parcels business grew by 25%.
“The expansion of Omniva to Latvia and Lithuania and addressing the entire Baltic region as its home market has been the right decision,” added Saluveer. “More and more customers want to receive a complete solution for parcel services in the Baltic countries and Omniva is able to successfully provide it.”