Omniva’s turnover grew to nearly one hundred million euros
In 2017, Omniva Group grew in both the parcels business and information logistics business on its domestic market in the Baltic region. The revenue from postal services provided in Estonia remained at the level of the year before.
In 2017, the group’s total revenue amounted to 99.8 million euros, which is an increase of 4% compared to the year before. This was most affected by the growth of the parcels business and information logistics business on the domestic market and the fact that we managed to maintain revenue from postal services. Omniva’s subsidiaries in Latvia and Lithuania continued to grow rapidly.
‘In 2017, the company turned 99 years old, which is why it is so symbolic that we earned nearly one hundred million euros in revenue also,’ said Joona Saluveer, Chairman of the Management Board of Omniva. ‘I am especially happy about the fact that this was achieved mostly thanks to our growth in our main business and on our domestic market in the Baltic region.’
Baltic States appreciate parcel machines: rapid growth in parcels business
The group’s sales revenue from parcel services increased by 12% in 2017. The parcel machine service, which is very popular among our customers, showed the fastest growth, as its sales revenue increased by 42% in the Baltic region: 26% in Estonia, 59% in Latvia, and 93% in Lithuania. The increase in the volume of parcel machine services was mostly affected by the rapid development of e-commerce and the continuous expansion of Omniva’s parcel machine network. In total, Omniva delivered 45% more parcels to customers via parcel machines in 2017 than it did in 2016. The sales revenue from courier services grew by 5% in the Baltic region.
Omniva manages the largest parcel machine network in the entire Baltic region. ‘We will continue to expand the network of parcel machines in 2018 and do so in a greater extent than ever before. During the second half of the year, we plan to nearly double the current parcel machine network,’ said Saluveer. ‘At the same time, we are developing new software for the parcel machines, which will help us offer an even better service to our customers.’
Omniva’s subsidiaries in Latvia and Lithuania showed a significantly faster growth throughout the entire group. In 2017, the growth in revenue of the Latvian unit continued – the turnover of both the parcel machine and courier services increased by nearly 50% compared to 2016. To manage the increased parcel machine volumes, the parcel machine network in Latvia was expanded by 30 machines in 2017. The sales revenue of the entire Latvian unit of Omniva increased by 58% compared to 2016, and accounted for more than 4 million euros.
In Lithuania, the sales revenue of Omniva’s parcel machine service almost doubled in 2017. The sales revenue of the entire Lithuanian unit of Omniva increased by 25% compared to 2016 and accounted for more than 4.5 million euros.
Maintaining revenue in international business and postal services
The sales revenue from postal services grew by 0.8% in 2017, i.e. 256 thousand euros. This was mostly affected by the local government elections held in 2017. The volume of domestic letter service continued the downward trend of previous years, falling by 12% compared to 2016.
The company continued issuing the innovative postage stamps in 2017, adding a cinnamon-scented and special-shaped Christmas postage stamp to the series.
‘As letters and postcards now mostly communicate emotions, not information, special postage stamps help encourage people to send letters and support maintaining revenue from postal services,’ said Saluveer. ‘The importance of making people feel emotions is also confirmed by the fact that despite the overall decline in the letter service, letter volumes were at the level of the previous year in December 2017.’
Last year, the sales revenue from international business was nearly 29 million euros, similarly to the year 2016. The essence of international business is primarily the transit of Chinese goods across the world. In 2017, parcels were shipped to nearly 100 countries. Most shipments were delivered to the Baltic States, Eastern Europe, and Scandinavia.
Growth of the Information Logistics Business and the Invoice Centre
In the Baltic States, sales revenue of Omniva’s Information Logistics Business increased by 26% in 2017, reaching 1.8 million euros. Omniva’s Information Logistics Business services include accepting purchase and sales invoices both electronically and on paper, managing invoices, and issuing them electronically.
The Invoice Centre, subsidiary of the group, grew twice in 2017. Its sales revenue increased by 101% compared to 2016. In 2018, the Invoice Centre plans to continue improving the existing IT platform and expand its activities on the Latvian market. Omniva has a 57% holding in the Invoice Centre and aims to increase the added value to clients who are online merchants by combining logistics and payment solutions.
Costs and investments
The group’s costs amounted to 99 million euros in 2017, which is 5% more than the year before. The increase in growth was affected by the increase in labour costs (including that of the minimum wage) and the biggest frontline salary increase in years.
In 2017, the group’s investments amounted to 3,670 thousand euros (compared to 7,726 thousand euros in 2016). Most investments were made in means of transport, parcel machines, equipment, and software.
Audited results will be published later this year.
Omniva Group mainly operates in the provision of postal, logistics, and information logistics services, and processing e-invoices. In addition to the parent company AS Eesti Post, the group involves subsidiaries and related companies. The principal activity of SIA Omniva and UAB Omniva LT is the provision of parcel machine and courier services on the Latvian and Lithuanian market. AS Maksekeskus offers payment solutions to e-commerce companies in the Baltic region. OÜ Post11 provides holistic logistics solutions for delivering goods across the world.
News list
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11.07.2024Due to imposed sanctions, restrictions, or non-compliance with certain requirements, Western Union services cannot currently be used in some countries.
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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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