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The financial results of Omniva were still affected by the war in Ukraine
The half-year turnover and profit of the Omniva Group were below expectations, impacted by lower volumes in international services, rising energy prices, lower consumer confidence, and one-off costs.
In the first half of the year, the operating revenue of the group totalled 63.2 million euros, decreasing by 15.3 million euros compared to the same period last year. Revenues fell in all service groups with international services revenues falling most, affected by the crisis caused by the war between Ukraine and Russia. In the first half of the year, the operating expenses of the group totalled 62.5 million euros, decreasing by 3.7 per cent compared to the same period last year. The decrease in direct costs is linked to lower volumes of international shipments, while the increase in labour costs was driven by the wage increase at the primary level. The group earned a total operating profit of nearly 700 thousand euros, which was below expectations. Excluding the loss resulting from the closing down of the affiliated company Post11 OÜ (393 thousand euros), the operating profit of Omniva was 156 thousand euros, and including the impact resulting from the closing down of Post11, the overall result was a loss of 237 thousand euros.
According to Mart Mägi, Chairman of the Management Board of Omniva, the volumes of international logistics and transit services, which have fallen due to the war between Ukraine and Russia, are slowly recovering. As a result of the sanctions imposed on Russia and Belarus, Omniva ceased commercial cooperation with them, which has had a negative impact on the financial results of Omniva. ‘Despite the difficult situation in international services due to the war, we have quickly adapted to the changed market. In addition, we are actively looking for new transit markets and investing in new environmentally friendly technologies that will increase profitability in the coming periods,’ said Mart Mägi.
In order to expand international operations and increase efficiency, more than 40 million euros will be invested in the construction of the most modern and environmentally friendly parcel sorting terminal in the region in Kaunas. This is the largest investment of the group to date and the new terminal will be used to sort both Lithuanian domestic and international shipments.
In Estonia, close cooperation with local authorities will continue to modernise the organisation of postal services, to support the wider implementation of the personal mail carrier service, and to install new parcel machines. This autumn, their total number will rise to over 300 in Estonia and nearly 950 in the Baltics. According to the latest survey, the parcel machines of Omniva remain the market leader with a market share of 39% (the share of the service provider in the number of times a parcel is received). Omniva stands out in the market with the widest network of parcel machines and is also a leader in terms of easy accessibility by car and the ability to track your shipment.
The Vormsi virtual parcel delivery service was extended to several other small islands. The car fleet of Omniva will become more environmentally friendly – mail is delivered with 16 electric cargo bikes and 10 electric cars in different regions across Estonia. We are renovating our post offices and will find a partner for the reconstruction of the offices through a procurement. The first refurbished post office will be opened at the end of the year. Over the next three years, all post offices across Estonia will be refurbished.
As a new option for international purchases, when shopping from Aliexpress across the Baltics, customers can now choose the nearest Omniva parcel machine to pick up their goods, supported by the wide network of parcel machines. At the end of June, the Ukrainian market was reopened for ordering from Aliexpress and Omniva, in cooperation with a local partner, is facilitating the delivery of these shipments to customers. In addition, Omniva signed contracts with a number of international customers for the delivery of parcels in the Baltics and other countries in the second quarter.
The sale of Maksekeskus to a new strategic investor, Luminor Bank, was finalised and the joint undertaking Post11, which provides comprehensive international logistics solutions to e-merchants, ceased operations on 1 July.
Between March and August, Omniva delivered more than 70 tonnes of humanitarian aid from private individuals to Ukraine free of charge.
The unconsolidated interim report for the first half of 2022 has been published on the website of Omniva.
Omniva (AS Eesti Post) is a state-owned company, the main activity of which is the provision of 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). The group employs 2,472 employees across the Baltics.
News list
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27.09.2023In a joint campaign by Eesti Pank and Omniva, more than one million coins are likely to have been returned by Wednesday evening.
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19.09.2023Eesti Pank and Omniva launched a campaign to collect one million coins at the Järve post office in Tallinn and the Kvartal post office in Tartu. During the project, people can exchange their accumulated euro coins.
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13.09.2023The personal parcel boxes of Parcelsea, where parcels can be left by all courier companies, grocery stores that deliver to home, and private persons, will be called Picapac.
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05.09.2023As of September 5th, Kastytis Valantinas from Lithuania starts working as the member of the management board and Chief Operating Officer of Omniva.
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31.08.2023The sales revenue of the Omniva group in the first half of the year grew by 5 per cent and the parcel revenue by 11 per cent.
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21.08.2023
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01.08.2023
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23.05.2023With the transaction, Omniva will acquire 700 smart parcel boxes.
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22.05.2023
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19.05.2023
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10.05.2023Omniva started working with the Norwegian company Paxster AS to test the suitability of environment-friendly electric vehicles for mail delivery.
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03.05.2023For security reasons, as of 5 June it will not be possible to create a new account or log in to an existing account with a username and password in the Omniva self-service.
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29.03.2023Omniva and Ukrposhta renewed the partnership agreement to strengthen and grow cooperation.
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27.03.2023The postal and logistics company Omniva has announced a procurement to expand its logistics centre.
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28.02.20232022 was a year of challenges, investment, and rapid development for Omniva, both in the domestic market of the Baltics and internationally.
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07.02.2023Omniva and Asendia, a joint enterprise of the national postal service companies of France (La Poste) and Switzerland (Swiss Post), concluded partnership agreement to help online retailers expand their sales on established and emerging markets.
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05.12.2022In December and at the beginning of the new year, Omniva will open eight post offices of the future, where customers will have everything they need in terms of e-commerce and postal services.
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10.11.2022Omniva’s 1,000th parcel machine in the Baltics was opened yesterday in Vilnius.
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31.10.2022The financial results of the Omniva Group in nine months were below the results of 2021.
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21.10.2022Omniva is investing in its network and this year and next year a total of 267 parcel machines will be replaced and installed across the Baltics.
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18.10.2022On 18–20 October, Omniva will be attending the Parcel+Post Expo in Frankfurt, Germany, where leading companies from the e-commerce logistics and postal industry from around the world will meet.
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12.10.2022Starting from September, Omniva provides a return service for goods to merchants for their physical and online stores in all Baltic countries.
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09.10.2022Omniva was awarded the title of ‘Rising Star in Postal Development’ by the Universal Postal Union.
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30.09.2022From Monday, October 3 you may submit an application at an Omniva post office to subscribe to or opt out of the universal electricity service of Eesti Energia.
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28.09.2022In the recently published BRAND CAPITAL research of the most loved brands in the Baltics, Omniva was valued as the fastest growing and among the three most valued brands.
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01.09.2022
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26.08.2022From 1 September, sending a humanitarian aid parcel to Ukraine from a private person to a private person will cost 90 cents per kilogramme.
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02.08.2022The new development will apply to customers in all three Baltic states.
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27.07.2022Residents of Kihnu and Ruhnu will now be able to order their e-shop purchases to the island, as Omniva will start offering a virtual parcel delivery service from 1 August.
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21.07.2022The scam letters are designed to steal your identity or gain access your bank details and money.
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04.07.2022Omniva, which operates the largest parcel machine network in the Baltics, will invest over 40 million euros in building the most modern parcel sorting centre of the region in the Kaunas Free Economic Zone.
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01.07.2022Today, Omniva and other shareholders finalised the sale of Maksekeskus to Luminor Bank, a new strategic investor.
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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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