Omniva continued to grow in Q3
Omniva’s nine-month revenue grew by 16% on a year-over-year basis as a result of an increase in both international and Baltic parcel volumes.
Growth from international business and early seasonal volumes
Omniva’s nine-month revenue in 2017 made up 74.2 million euros (2016: 63.7 million euros), which meant a 16% increase compared to the same period of the previous year. ‘Due to the seasonal nature of the postal business, our Q3 volumes are usually low both in terms of international and parcels business shipments, but this year, our parcels business volumes continued to grow,’ said Joona Saluveer, chairman of the management board of Omniva.
According to Saluveer, the end of Q3 can be best described by the growth of e-commerce parcel volumes, which have arrived considerably sooner compared to previous years. ‘The first seasonal volumes usually come about in mid-October, but this year, the number of shipments began increasing during the second half of September, when our parcel volumes reached a level comparable to that of last year’s Christmas period,’ said Saluveer.
Proportion of international business is growing, that of postal services is decreasing fast
Although the nine-month sales revenue of postal services was stable with 1% in profit, its proportion in the sales revenue of the group fell from 36.2% to 31.5%. At the same time, the Baltic parcels business has become the business area with the largest proportion with a sales revenue of 33.6% of the total sales revenue of the company. The growth of the Baltics business was the result of fast growth in Latvia and Lithuania, 61% and 26%, respectively, compared to the first nine months of the previous year.
Information Logistics Business and international business grew the fastest in the first nine months, by 36% and 43%, respectively. Thanks to the fast and stable growth, international business now forms nearly a third of Omniva’s turnover. The nine-month sales revenue of international business in 2016 made up about 26% of the total sales revenue. In the first nine months of 2017, this was already 31%.
According to Saluveer, the results of both parcels business and international business of the company confirm that entering the Baltic market first and the global logistics business later was the right decision. ‘In 7–8 years, the volume of Chinese e-commerce will reach an estimated 1 billion parcels per day. This means one parcel per week for every person in the world – Omniva plans on being an active participant in this business when it happens,’ said Saluveer.
In Estonian parcels business, the launch of the Omniva-Starship-Daimler pilot project to test the so-called last mile delivery solution with parcel robots in Kakumäe was an important activity in Q3. The goal of the project was to pilot the delivery of parcels with parcel robots in a realistic logistics process to find efficient last mile solutions for the future. Receiving their parcels from a robot was exciting for the customers and garnered attention both among logistics companies across the world and in media. ‘Today, the parcel robot pilot has ended and we can proudly say that Estonian consumers are more than ready for various innovative delivery solutions,’ said Saluveer.
Investments
In Q3 of 2017, two of Omniva’s strategic focus projects reached important milestones.
A contract was finally concluded for the construction of the new logistics centre with procurement winners Eventus Ehitus and Nordecon Betoon (NOBE), after which construction works began. The planned logistics centre, which will occupy nearly 13,000 square meters and be the most contemporary logistics centre in the Baltic region, will handle all parcels and letters sent to, within, and from Estonia. The construction of the new logistics centre entails the largest investment made by Omniva, the total cost of which is 17.2 million euros (including sorting technology). The new logistics centre will be completed in the autumn of 2018.
Following the international procurement for parcel machines, Omniva also concluded contracts with three parcel machine suppliers (Cleveron from Estonia, Keba from Austria, and Hivebox from China). In the span of five years, the company will invest more than 20 million euros into the expansion of the Baltic parcel machine network.
AS Eesti Post is a state-owned company, which mainly operates in the provision of logistics (parcels business and postal services) and information logistics services, as well as in the management of e-invoices (Omniva e-Invoice Centre). Omniva also provides international logistics services. The principal activity of subsidiaries 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 e-commerce companies in the Baltic region. Post11 provides online traders with holistic international logistics solutions for delivering goods across the world.
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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