E-service is not available at the moment, please try again later.
E-service is not available at the moment, please try again later.
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
-
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.
-
10.11.2022Omniva’s 1,000th parcel machine in the Baltics was opened yesterday in Vilnius.
-
31.10.2022The financial results of the Omniva Group in nine months were below the results of 2021.
-
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.
-
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.
-
12.10.2022Starting from September, Omniva provides a return service for goods to merchants for their physical and online stores in all Baltic countries.
-
09.10.2022Omniva was awarded the title of ‘Rising Star in Postal Development’ by the Universal Postal Union.
-
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.
-
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.
-
01.09.2022
-
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.
-
02.08.2022The new development will apply to customers in all three Baltic states.
-
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.
-
21.07.2022The scam letters are designed to steal your identity or gain access your bank details and money.
-
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.
-
01.07.2022Today, Omniva and other shareholders finalised the sale of Maksekeskus to Luminor Bank, a new strategic investor.
-
20.06.2022Omniva has Upside-down Christmas campaign, lasting until 26 June.
-
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.
-
17.06.2022Omniva has installed a new parcel machine in Kudjape.
-
16.06.2022Omniva has announced a procurement to find a partner to renovate its post offices.
-
16.05.2022
-
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.
-
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.
Help
Useful information
- Locations and opening hours
- Track and trace
- Find a postal code
- Contacts
- Become a business customer
- Cookies
Book a courier (for business clients)
Private Customer Service
661 6616[email protected]
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
- [email protected]
- Mon-Fri 8.00 – 17.00
Press contact
- Kristina Haavala
- [email protected]