E-service is not available at the moment, please try again later.
E-service is not available at the moment, please try again later.
Omniva’s financial results for the first quarter were affected by the war in Ukraine
The 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.
The operating income of the Group was 31.5 million euros in the first quarter, decreasing by 22 per cent compared to the same period last year. Revenues from international transit and logistics services decreased the most. The Group earned an operating profit of 401 000 euros in the first three months, which was lower than expected.
According to Mart Mägi, Chairman of the Management Board of Omniva, the financial performance of the company was strongly affected by Russia’s military aggression in Ukraine. In addition, Omniva joined the international sanctions and stopped the delivery of periodicals from Russia in Estonia, and also suspended Western Union transactions with Russia and Belarus. ‘Economic performance was primarily affected by the decrease and absence of international trade due to the war. Prolonged journeys of international shipments and the resulting increase in costs as well as higher fuel and energy prices also had a significant impact,’ said Mart Mägi. ‘However, we can see that from April onwards, a gradual recovery of business is expected due to new destination countries.’
In the first quarter, the operating expenses of the group were 31.1 million euros in total, decreasing by 3 per cent compared to the same period last year. The decrease in direct costs is related to the decrease in the volume of international shipments, while labour costs increased due to the wage increase of primary-level workers in the middle of last year.
At the beginning of the year, the provision of domestic services was affected by difficult winter weather conditions and restrictions caused by the COVID pandemic and the illness of employees, to which the company quickly adapted and reorganised its operations and dispersed deliveries to provide services across Estonia.
The company’s focus is to move closer to the customer and therefore, Omniva is working closely with local governments to develop the best service arrangements for local residents. Omniva’s market share in the Estonian parcel machine market has remained stable, showing a slight increase compared to the beginning of the year, and reached 45 per cent in March, according to the Estonian E-Commerce Association. At the end of March, the first virtual parcel delivery service was opened on the island of Vormsi to receive parcels on the island. Ten new electric cars were introduced to provide environmentally friendly services.
As a significant investment of the Group, it was decided to build a new modern sorting center in Lithuania with a size of 20 thousand m2 in order to increase the capacity to provide international services and ensure a high level of service. The sorting center will be established in the Kaunas Free Economic Zone and will allow sorting up to 12 thousand parcels per hour. The center will be completed in the autumn of 2023.
Omniva supported Ukraine through a number of activities. From mid-March, in cooperation with the national postal service of Ukraine, a new service is offered to private individuals for sending humanitarian aid to Ukraine free of charge. Omniva provided charities and institutions with free transportation of humanitarian aid collected for Ukraine. One month after the start of the war in Ukraine, Omniva released a new postage stamp ‘Glory to Ukraine!’, and nearly 20,000 copies have been sold in a month.
These are unaudited data for the first quarter of the 2022 annual report.
AS Eesti Post is a 100% state-owned company, the main activity of which is the provision of postal and logistics services (parcel and postal services), digital services, and international transit services. The main activity of SIA Omniva and UAB Omniva LT is the provision of parcel machine and courier services in the Latvian and Lithuanian markets. UAB Omniva LT Sorting was established for the construction of a new logistics centre in Kaunas. The main area of activity of OÜ Finbite is information business services (e-invoices). AS Maksekeskus provides payment solutions to e-commerce companies in the Baltics. OÜ Post11, an affiliated company of Omniva, offers e-merchants comprehensive international logistics solutions for the delivery of goods all over the world. The group employs 2,472 employees across the Baltics.
News list
-
20.05.2022On 23 May, Omniva is going to launch its Upside-down Christmas campaign, lasting until 26 June.
-
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.
-
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.
-
18.04.2022The joint undertaking Post11, which offers comprehensive international logistics solutions to e-merchants, will cease operations on 1 July 2022.
-
13.04.2022
-
07.04.2022Omniva is giving away gifts to its customers before the Easter holidays.
-
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.
-
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.
-
07.03.2022Omniva will end the delivery of periodicals from Russia in Estonia starting from today, 7 March.
-
07.03.2022Due to the lack of air services, it is temporarily not possible to send shipments to Russia.
-
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.
-
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.
-
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.
-
18.01.2022The innovation will make the lives of customers more convenient, as it will save their time
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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?
-
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.
-
09.06.2021The tax amendment is also valid for goods that were purchased before 1 July but arrive after the said date.
-
03.06.2021
-
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.
-
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.
-
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.
-
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.
-
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.
-
08.04.2021Mart Mägi has had a long career in management, from both private and public sector and as a management consultant.
-
31.03.2021Since delivery times may stretch up to two months, you should start ordering now to avoid the additional taxes.
-
30.03.2021With the Good Friday and Easter holidays approaching, we ask our clients to consider longer delivery times in Estonia, Latvia and Lithuania.
-
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.
-
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.
-
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.
-
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.
-
18.02.2021In connection with Estonian Independence Day on 24 February, we ask customers to take into account longer delivery times.
-
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.
-
02.02.2021To keep up with rapid e-commerce growth and to satisfy clients’ need for a functioning 24/7 service close to home, Omniva supervisory board confirmed the investment into expanding the parcel machine network in Estonia and the Baltic States.
-
26.01.2021Today, Omniva once again launches the charity campaign 'A New Home for Teddy', where children and parents are able to send the toys no longer used in their homes to other children free of charge via parcel machines.
-
22.01.2021Ongoing COVID-19 outbreak and current restrictions in Latvia and Lithuania have resulted in short delays in last-mile delivery.
-
10.12.2020According to Omniva, the beginning of December has brought parcel volumes that easily break all previous records. Although the company is handling these record volumes, we nevertheless ask people to consider the possibility that some parcels may reach the recipient up to three days after sending.
-
01.12.2020The Black Friday and subsequent Cyber Monday shopping holidays which took place over the last weekend have put enormous stress on online shops. This means that some European online shops might not be able to post Christmas items purchased after last weekend in time.
Help
Private Customer Service
661 6616info@omniva.ee
Mon–Fri 9:00–20:00
Sat–Sun and on public holidays
9:00–15:00
See the information on the opening hours and locations of post offices HERE
Business Customer Support
- 664 3444
- ariklient@omniva.ee
- Mon-Fri 8.00 – 17.00