Omniva sees 24% revenue rise
Omniva has reported that its revenues increased to €42.18m in the first six months of 2016, up 24% on the first half (H1) of 2015. The Group’s biggest revenue surge was in its international business, “where the growth amounted to 146% compared to the same period of the previous year”.
Revenues from postal services, however, decreased by 5%. Omniva provides traditional post services in Estonia (using the name Eesti Post).
In the domestic Baltic market, the group’s revenues from the parcels business grew 16% compared to H1 2015. Ommiva said that the growth of the parcels business was “especially remarkable” in Latvia, where revenue more than doubled.
“Omniva’s operations in other Baltic countries is gathering pace,” said 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 parcels business is supported by the expansion of the parcel machine network in Estonia, Latvia, and Lithuania. Omniva’s 234-strong parcel machine network is being expanded by about 30% in 2016, as the company extends its coverage beyond the cities into some of region’s smaller towns. The company said that it currently has parcel machines in around 120 cities all over the Baltics.
