Estonian post and parcel delivery operator Omniva recorded 99.8m (US$123m) in revenue for 2017, a 4% increase compared to the previous year.
The increase has been predominantly attributed to 12% growth in the parcel sector as well as a 26% increase in the company’s domestic information logistics business.
Parcel machine services demonstrated the fastest growth for Omniva as sales revenue increased by 42% in the Baltic region, including 26% in Estonia, 59% in Latvia and 93% in Lithuania. The increase in the volume of parcel machine services was mostly affected by the rapid development of e-commerce and the continuous expansion of Omniva’s parcel machine network. In total, Omniva delivered 45% more parcels to customers via parcel machines in 2017 than it did in 2016.
Joona Saluveer, chairman of the management board of Omniva, said, “We will continue to expand the network of parcel machines in 2018 and do so in a greater extent than ever before. During the second half of the year, we plan to nearly double the current parcel machine network. At the same time, we are developing new software for the parcel machines, which will help us offer an even better service to our customers.”
To manage the increased parcel machine volumes, the parcel machine network in Latvia was expanded by 30 machines in 2017. The sales revenue of the entire Latvian unit of Omniva increased by 58% compared to 2016, and accounted for more than 4m (US$4.9m). In Lithuania, the sales revenue for the entire Lithuanian unit of Omniva increased by 25% year-on-year, reaching 4.5m (US$5.5m).
In the Baltic States, sales revenue of Omniva’s Information Logistics Business increased by 26% in 2017, reaching 1.8m (US$2.2m). Services include accepting purchase and sales invoices both electronically and on paper, and managing invoices and issuing them electronically.
February 26, 2018