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First quarter brought record results for Omniva
The group's operating income totalled 39.5 million euros for the three months of 2021, which is nearly 10 million more than during the same period last year. The group earned a profit of 7 million euros in the first quarter, a 33-fold increase compared with the same period in 2020. The result was primarily impacted by the significant increase of e-commerce incomes in both Baltic parcel services and international business.
If in the year prior the parcel volumes that increased during the restrictions applied towards the end of the first quarter, then this year the volume grew by another 60%. This year’s volume growth is also affected by the fact that international parcel movement has resumed, which almost stopped during the first wave of the virus last year.
According to Omniva member of the management board Charlie Viikberg, the record positive result is due to the company’s capability to keep pace with the boosting demand. “This is the major effort of all employees, well-planned work and prior investments into the logistics centre and expanding the parcel machine network,” Viikberg said.
To cope with the record e-commerce volumes, the company expanded the parcel machines in light of growing parcel volumes, opened additional parcel points and hired additional workforce to ensure parcel delivery.
According to Viikberg, in addition to the consistently record-breaking parcel services, it is equally important to provide traditional postal services and to find synergies and new opportunities for delivering parcels, letters and newspapers.It is also essential to update the network used for providing postal services, to ensure it meets the clients’ expectations, preferences and changed manner of use.
“The current requirements for providing universal postal service and for the quality requirements were set before the parcel machines. At the same time, Estonia is the leader when it comes to parcel machine numbers and the clients prefer using contact-free services. We are constantly receiving requests from local governments and communities for installing parcel machines, proposals on how the postal network should consider the client’s preferences and modern technological options,” Viikberg said.
To modernise the postal service and test the automated service model suitable for smaller places, Eesti Post started the post machine pilot project in 12 Estonian settlements. The pilot project will also test the open network potential for expanding the businesses of local entrepreneurs, and using the machines as points from where the local mail carriers can retrieve the mail to deliver, to ensure faster delivery and shorter carrier rounds.
An important milestone in the first quarter was the launch of the first parcel machine network operating with Omniva parcel machine software in Croatia. Cooperation with Croatia post is the first major step in exporting our technology.
In the first quarter, the company issued six postal stamps, including the heart-shaped Valentine’s Day stamp, cornflower stamp and Letipea lighthouse stamp.
At the beginning of the year, Omniva also organised the “A New Home for Teddy” campaign, during which families were able to donate toys which were collected and delivered to new owners via charity organisations.
We also launched a pilot project together with the start-up VokBikes, to test environmentally friendly electric bicycles adapted for goods delivery.
The main area of activity of AS Eesti Post is the provision of postal and logistics services and the handling of e-invoices. In addition to the parent company, the group includes subsidiaries and related companies. The principal activity of SIA Omniva and UAB Omniva LT is the provision of parcel machine and courier services in the Latvian and Lithuanian markets. The area of activity of AS Maksekeskus is the provision of payment solutions for e-commerce companies in the Baltic states. Finbite OÜ offers e-invoice and fintech solutions across the Baltic states. Post 11 offers online merchants international logistics solutions for delivering goods worldwide.
AS Eesti Post is a company owned by the state. The group employs 2300 people across the Baltic states, and turnover for 2020 was 135.6 million euros.
News list
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20.06.2022Omniva has Upside-down Christmas campaign, lasting until 26 June.
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17.06.2022Omniva, the Trade Union PRO (PRO), and the Estonian Transport and Road Workers’ Trade Union (ETTA) have entered into an agreement, pursuant to which on 1 July, the wages of more than 800 primary-level workers will increase.
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17.06.2022Omniva has installed a new parcel machine in Kudjape.
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16.06.2022Omniva has announced a procurement to find a partner to renovate its post offices.
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16.05.2022
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12.05.2022Omniva will expand its vehicle fleet and introduce electric cargo bikes by Vok Bikes on a larger scale. The first five bikes have already arrived and are ready to deliver parcels.
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11.05.2022As a new opportunity, when you make a purchase from AliExpress, you have the opportunity to immediately select the nearest Omniva parcel machine to receive your goods.
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02.05.2022The Omniva Group’s turnover and profit for the first three months of this year fell short of expectations. The result was affected by the start of the war in Ukraine as well as rising energy and fuel prices.
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18.04.2022The joint undertaking Post11, which offers comprehensive international logistics solutions to e-merchants, will cease operations on 1 July 2022.
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13.04.2022
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07.04.2022Omniva is giving away gifts to its customers before the Easter holidays.
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21.03.2022In cooperation with the Ukrainian Post, Omniva now offers private persons the possibility of sending humanitarian aid to Ukraine by free parcel as a new service.
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21.03.2022In cooperation with multiple aid organisations, Omniva has already sent 23 trucks containing humanitarian aid to Ukraine. Many more trucks containing aid will be sent over the course of this week and the next.
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07.03.2022Omniva will end the delivery of periodicals from Russia in Estonia starting from today, 7 March.
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07.03.2022Due to the lack of air services, it is temporarily not possible to send shipments to Russia.
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02.03.2022As of 1 April 2022, the declaration of parcels arriving from third countries, i.e. from outside of the European Union, by using the manual process will cost 15 euros.
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28.02.2022The total revenue of Omniva for the fourth quarter of 2021 was 40.3 million, which is 10.3 million more than in the third quarter. Last year, the total operating income of the group in 2021 increased by 10 percent to 148.7 million euros compared to the previous year. Operating profit in 2021 increased by 68 percent to 16 million euros.
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20.01.2022This year, Omniva made an ambitious promise to deliver all parcels by 23 December. We managed to do it by ensuring that our delivery was faster and of higher quality than ever before.
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18.01.2022The innovation will make the lives of customers more convenient, as it will save their time
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30.11.2021At the meeting of the Supervisory Board on Monday, the new vision, strategic goals, and main paths of development of the company was approved, based on which the company intends to become the most preferred logistics partner in the Baltic states within five years, under the name of Omniva.
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24.11.2021November is the month of shopping holidays, which in recent years has been almost comparable to Christmas in parcel services. Omniva asks people to collect their parcels as soon as possible so that more customers could collect their parcels faster.
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15.11.2021In order to increase the convenience of the customer service, Omniva deployed a new solution in its entire parcel machine network in the Baltic states which enables to use one locker to store several different parcels ordered by the same individual.
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04.11.2021In Estonia, the expansion will include 11 counties and 32 new parcel machines. Across the Baltics, 141 new parcel machines will be added to the network and 86 existing popular parcel machines will be expanded.
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04.11.2021On 1 December 2021, Heiki Raadik will start working as the Chief Financial Officer and member of the Management Board of Omniva. His area of responsibility will be the management and development of the financial sector of the group in the home markets of the company across the Baltics.
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29.10.2021The operating income of the Group for the first nine months of 2021 totalled 105.8 million euros, which is over 10 million more than in the same period last year.
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14.10.2021Omniva encourages people to order their presents from abroad well in advance of Christmas, as global shopping holidays mean longer international delivery times.
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08.10.2021Previously, the parcel tracking info also included events noting the movement of parcel data; now, however, the customer will only see the physical movement of the parcel for the sake of clarity.
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10.09.2021The Latvian subsidiary of Omniva has entered into a cooperation agreement with SIA Narvesen Baltija to offer parcel pick-up services through the largest Latvian retail chain in more than 200 locations.
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27.08.2021From 1 September 2021, Omniva's business customer support units for parcel and postal services will merge to offer you more convenient customer service.
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26.08.2021The turnover of the group increased to a total of 78.5 million euros in six months, which was 23% more than a year earlier, while the operating profit for the first half of the year was 13.6 million euros. The results were mainly affected by the increase in revenue from parcel services.
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26.07.2021Omniva opened an automatic e-declaration solution where the customs data of the shipment is filled in automatically on the smart device of the customer and the shipment is declared with a few clicks.
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14.07.2021In order to simplify ordering from third countries to the European Union, from July, many shopping platforms will enable the option to pay the VAT of goods costing up to 150 euros immediately when making the purchase.
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16.06.2021From July, the shipments ordered from outside of the EU are no longer exempt from VAT and all parcels must be declared. How is the value of the parcel calculated and what does the amount of tax payable depend on?
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16.06.2021From 1 July, all commercial shipments ordered from outside of the EU are subject to tax. This means that the currently valid tax exemption for goods costing up to 22 euros will no longer be valid and all shipments arriving to Estonia from third countries must be declared.
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09.06.2021The tax amendment is also valid for goods that were purchased before 1 July but arrive after the said date.
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03.06.2021
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01.06.2021In connection with this, the standard terms and conditions of the universal postal service, EMS (Express Mail Service), and the maxi parcel service will also change from 1 July.
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20.05.2021This week, Triin Oselein, who has two decades of experience in the logistics sector, started working as a member of the board for the joint venture of Omniva and S.F. Express, the largest private capital-based courier company in China.
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19.05.2021From 1 July, new pan-European tax amendments will come into force, and it will become mandatory to declare and pay VAT on parcels from third countries (e.g. USA, China and now also the UK) that cost less than 22 euros. This means that the lower limit of tax exemption for goods outside of Europe will be abolished. For this purpose, Omniva will develop an application where the client sees the information of the goods they will receive and can declare them quickly and conveniently.
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03.05.2021The group earned a profit of 7 million euros in the first quarter, a 33-fold increase compared with the same period in 2020.
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29.04.2021Omniva has expanded eight parcel machines in recent weeks and added one parcel machine to a completely new location. New lockers and machines are added to places where the parcel traffic is exceptionally high.
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08.04.2021Mart Mägi has had a long career in management, from both private and public sector and as a management consultant.
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31.03.2021Since delivery times may stretch up to two months, you should start ordering now to avoid the additional taxes.
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30.03.2021With the Good Friday and Easter holidays approaching, we ask our clients to consider longer delivery times in Estonia, Latvia and Lithuania.
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16.03.2021Eesti Post's 15 largest post offices have QR code-based queue solutions, which received a lot of positive client feedback during Christmas. With the system, the client can simply scan the QR code with their telephone and the queue number will appear on the telephone screen. It is a contact-free solution and the client does not have to touch publicly used surfaces.
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10.03.2021Last spring, the lockdown nearly doubled the parcel volumes in parcel machines, and the closure of physical shops will also boost online shopping this year. In order to successfully manage the growing parcel volumes in the coming weeks, Omniva will once again adopt measures similar to those during the Christmas period.
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05.03.2021According to Eve Vuks, the head of Eesti Post's service channel unit, all post offices will remain open maintaining their normal schedules. “If a post office has previously been open on the weekends, then it will continue to do so,” said Vuks, commenting on the work organisation in light of new restrictions. Opening hours of all post offices are available in the Omniva website map application.
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03.03.2021AS Eesti Post ended 2020 with a record turnover and the highest profit in history, which allows investment into the parcel machines network expansion and bringing the service closer to the clients both in the cities and rural areas.
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18.02.2021In connection with Estonian Independence Day on 24 February, we ask customers to take into account longer delivery times.
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15.02.2021Omniva’s A New Home for Teddy charity campaign has involved nearly 1500 people and several companies across Estonia. You can still send children’s toys for free until Sunday.
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