DPD Latvija posts EUR 3.4 mln in 2006 sales

DPD Latvija express delivery provider last year generated 2.374 million lats (EUR 3.41 mln) in net sales, which is a 66 percent rise from a year ago, and the company’s losses declined to 6,000 lats, shows the company’s annual report published at the Latvian Business Register.

According to the company, DPD Latvija last year served 1.079 million deliveries, up 61 percent year-on-year.

In 2006, DPD Latvija increased its market share in domestic deliveries from 36 percent to 44 percent, for a second consecutive year surpassing Latvijas Pasts postal company. DPD Latvija market share in international deliveries reached 31 percent.

DPD Latvija said that, according to the Public Utilities Regulatory Commission’s data, the company has retained the leading position in both domestic and international services.

The company said that last year it invested in development and quality as well as launched new services. However, the company’s performance was influenced by increase of fuel prices, the total inflation level in the country, the lack of workforce and the increasing wages.

DPD Latvija said that last year’s losses will be covered from next year’s profit.

This year the company plans to continue expansion and develop the domestic and international services as well as pay attention to the quality of services and customer service, said the report.

In 2006, sales by DPD Latvija’s parent company French La Poste Group reached 14.13 billion lats (EUR 20.1 b), which is 4 percent more than in 2005, and the company’s profit was 554.5 million lats, up 30 percent year-on-year.

DPD Latvija, founded in 1998, is a subsidiary of French La Poste Group express delivery provider GeoPost, offering DPD (Direct Parcel Distribution) express delivery services in Latvia, the Baltics and Europe.

DPD Latvija closed 2005 with 55,300 lats in the red on 1.43 million lats of turnover.