Omniva hits €99 million in revenues

Baltic express and logistics company Omniva has reported its revenues for 2017 was up 4% to €99.8 million.

Omniva came close to the €100 million barrier thanks to strong growth in its information logistics and parcels business. Its Estonian postal revenues remained quite static.

In a statement 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.’

Omniva Group’s sales revenues from parcel services grew by 12%. Its parcel machine service had the fastest growth, seeing 42% revenue increases across the whole of the Baltic region (26% in Estonia, 59% in Latvia, and 93% in Lithuania). It delivered 45% more parcels to customers through parcel machines than in 2016. Sales revenues from its courier services grew by 5%.

According to the company, it already manages the biggest parcel machine network in the Baltics and this planned growth is set to continue.

“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.”