Sales by Baltic Logistic System Vilnius surge by 21% in 9 months
Baltic Logistic System Vilnius, the leading Lithuania’s logistic company, reported sales of 12.5 million litas (EUR 3.6 mln) for the first nine months of 2004, a surge of 21 percent from the January-to-September period of previous year.
The company, which provides parcel delivery services under the trade name of Bizpak, boosted its parcel shipments by 47 percent, to 822,000 units.
The performance figures for the first three quarters led to expectations that the annual rise in parcel deliveries might reach up to 50 percent, said Gintaras Bingelis, Baltic Logistic System Vilnius sales and marketing director.
“A steady growth in parcel deliveries evidence that well-developed Lithuania’s small parcel market still has room to grow,” Bingelis told BNS.
Baltic Logistic System Vilnius sees its revenues on Bizpak services rising by 30 percent, to 15.7 million litas this year. Moreover, the courier company expects to deliver over 1 million parcels in 2004.
In late May Swedish Royal Post Group sold its Baltic Logistic System International businesses in Lithuania, Latvia, Estonia, Poland and Russia to La Poste, French post office group.
(EUR 1 = LTL 3.45)
