Omniva’s 2017 revenue close to €100m
Omniva has reported that its total revenue for 2017 was €99.8m, up 4% on the previous year.
The Baltic-based company came so close to break the €100m barrier thanks to growth in both its parcels and information logistics businesses. The revenue from postal services provided in Estonia remained fairly static.
In a statement sent to Post&Parcel today (26 February), Joona Saluveer, Chairman of the Management Board of Omniva, commented: “In 2017, the company turned 99 years old, which is why it is so symbolic that we earned nearly €100m in revenue also.
“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.’
The group’s sales revenue from parcel services increased by 12% in 2017. The parcel machine service showed the fastest growth, with a revenue increase of 42% across the Baltic region (26% in Estonia, 59% in Latvia, and 93% in Lithuania). 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 already manages the largest parcel machine network in the entire Baltic region, and it plans to keep growing.
“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 particular fast growth in 2017. The Latvian unit saw its turnover for both the parcel machine and courier services increase by nearly 50%. 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 €4m.
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 €4.5m.
The sales revenue from Omniva’s postal services grew by €256,000 (0.8%), while the volume of domestic letter service continued the downward trend of previous years, falling by 12% compared to 2016.
