Omniva – buoyant H1 results

Estonian delivery operator Omniva’s first half (H1) of 2020 have been the most successful six months in the last five years. Compared to the same half year in 2016, its operating revenue has increased by 52% and its profit has grown by 119%.

The last year has seen an impressive turnaround for Omniva too. Operating revenue was €63.8 million (4.6% up on 2019).

The Chair of the Omniva Board Ansi Arumeel says that the first half of 2020 saw strong growth in parcel deliveries due to the pandemic, though its Q1, 2020 strategy of cutting costs had an impact too.

“The company’s long-term strategy is working,” Arumeel noted, “and the investments made in recent years have been justified. The parcel machine network covering the Baltic states, rapidly growing Latvian and Lithuanian business units, a new logistics information system and new logistics centres have ensured the company’s capability both in the face of soaring volumes during the state of emergency and in the longer perspective.”

Thanks to the quickly applied measures, the operation of the postal and parcel service was ensured during the state of emergency. “Amending work organisation to protect clients and employees and ensuring the availability of personal protective equipment formed the basis for sustainable service provision and coping with the sudden increase in volumes.” Arumeel said.