Omniva grew in the first six months in international business and in the domestic Baltic market
In the first six months of 2016, the commercial revenue of Omniva increased by 24% compared to the same period of the previous year. The company grew in international business and in the domestic Baltic market; in the latter, from the perspective of the information logistics business, as well as parcel business. The postal services provided on the Estonian market were characterized by continuously decreasing revenues.
In the first six months of 2016, the total commercial revenue of the group amounted to 42.18 million euros, representing a 24% increase compared to the same period of the previous year. The growth was impacted by the growth of international e-commerce and logistics services, the revenue from postal services decreased by 5%.
In the first half of 2016, Omniva Group grew the most in the international business, where the growth amounted to 146% compared to the same period of the previous year. International business primarily consists of the logistics of Chinese e-commerce parcels worldwide.
Parcel business: growth throughout the Baltics
In the domestic Baltic market, the group’s revenues from the parcel business grew 16% compared to the same period of the previous year. The growth of the parcel business was especially remarkable in Latvia, where the commercial revenue from the parcel business more than doubled compared to the same period of the year before.
“Omniva’s operations in other Baltic countries is gathering pace,” says Aavo Kärmas, CEO. “Our decision from a few years ago to treat the Baltics as an integral market is bearing its first fruit and the background to this is that customers are increasingly more demanding a parcels service solution that covers all Baltic countries. Only Omniva is currently able to provide such comprehensive solution and it is our goal to take the service as close to the customer as possible.”
The growth of the parcel business is supported by the expansion of the parcel machine network in Estonia, Latvia, and Lithuania. Omniva’s 234 parcel machines form the largest parcel machine network in the Baltics and will be increased further by approximately a third in 2016, expanding to smaller towns and settlements. Currently, Omniva has 234 parcel machines with approximately 28,000 parcel compartments in 120 cities all over the Baltics.
Postal services: continuous decline of revenues
Traditional postal services are provided by Omniva only in Estonia (under the trademark of Eesti Post). The revenues from postal services dropped by 5% compared to the same period of the previous year.
The overall picture of comparing the results of the first six months to the year before is influenced by the parliament elections conducted in Estonia in March 2015, due to which the revenues from direct mailing services in the first six months of this year were 15% lower compared to the same period of the year before.
Changes in the use of services and consumption habits of people mean that post offices are increasingly more becoming places where parcels are received and issued, and customer consulting centers where people are advised on using various services.
“The modernization of the Postal Act initiated by the Ministry of Economic Affairs and Communications, i.e. the plan to develop a new Postal Act, will hopefully allow bringing the structure of the postal network in line with the changed needs of customers as early as in the next few years and making the service more convenient, flexible, and efficient for people,” says Kärmas.
Growth of the information logistics business is supported by the spread of e-invoices
Revenues from the information logistics business of the group increased by 31% compared to the first six months of 2015. The growth opportunities of the information logistics business are supported by the governmental plan to transfer the settling of accounts between the public and private sectors to machine-readable e-invoices by the end of 2016, and by the plan of the European Commission to develop a uniform e-invoice standard for European countries by the end of 2016, which would support cross-border settling of accounts with the help of e-invoices.
The main investments of the group in the first six months involved installing new parcel machines in the Baltic countries and investing in information technology.
AS Eesti Post is an international group that offers postal, logistics, and information logistics services. The group comprises AS Eesti Post as the parent company, AS Maksekeskus, UAB Omniva LT in Lithuania and SIA Omniva in Latvia as subsidiaries, and the affiliated company Post11. The principal activity of the parent company is the provision of postal, logistics, and information logistics services, as well as the management of e-invoices (Omniva invoice management). The principal activity of SIA Omniva and UAB Omniva LT is the provision of parcel machine and courier services on the Latvian and Lithuanian markets. AS Maksekeskus operates in the provision of payment solutions to online trade companies in the Baltics. Post11 provides online traders holistic international logistics solutions to deliver goods all over the world.
AS Eesti Post is a 100% state-owned company in the area of government of the Ministry of Economic Affairs and Communications.
News list
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29.02.2024Omniva Group’s total sales revenue amounted to 131.7 million euros in 2023, which is a 7% increase compared to the previous year.
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21.02.2024As of this week, a new price list is in force for the personal postal service of Omniva, which means that anyone living outside major cities can order a courier to their home or work free of charge to use a range of Omniva services and buy philatelic products.
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10.01.2024Omniva LT Sorting, a subsidiary of Estonian Post AS, will open a new modern automated logistics center in Kaunas in the second half of 2024. The construction of the new center is financed with a green loan of 27 million euros from SEB Bank AS.
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10.01.2024Due to air traffic restrictions imposed in response to the hostilities, Omniva was temporarily unable to deliver shipments to Israel. However, the traffic has now resumed, and parcels can once again be sent to Israel.
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13.12.2023Various schemes continue to circulate where people receive fraudulent messages and emails claiming to be from Omniva.
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04.12.2023Thanks to the couriers of Omniva, private customers in Estonia can now also send large, XXL-sized shipments.
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01.12.2023From January 1, 2024, Estonia will apply a standard VAT rate of 22% instead of the current 20%. As a result of the amendment, a new price list of parcel services for private customers will enter into force on 1 January 2024.
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07.11.2023Holger Winklbauer, the Chairman of the International Post Corporation (IPC), presented Omniva with the Certificate of Excellence in quality in Tallinn.
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01.11.2023The start of November sees the start of a busy festive period at Omniva, as people start preparing for Christmas.
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31.10.2023The sales revenue of Omniva group for the first nine months of 2023 totalled 94.7 million euros, which is almost 10% more than in the same period last year.
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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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