Omniva sees strong growth

The group that owns the Estonian postal operator Eesti Post, Omniva, has reported that its overall revenues have increased to €42.18 million in the first six months of 2016, up 24% on the first half of 2015.

International business was responsible for the group’s biggest revenue surge. The company said that “the growth amounted to 146% compared to the same period of the previous year”.

Postal services revenues fell by 5% however. Omniva’s Eesti Post is the national postal operator of Estonia.

Parcels business however saw good increases in sales compared to the first half of 2016 – these were up 16%. The logistics and delivery group said that the growth of the parcels business was ‘especially remarkable’ in Latvia, which saw revenues more than double.

“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.