Estonian postal group Omniva (formerly Eesti Post) is investing in more self-service parcel terminals in the Baltic States as its parcels business continues to grow strongly driven by e-commerce in the three countries.
Because of the growing demand for parcel machines, Omniva has continued to expand its network of parcel machines in Estonia and Latvia. The company has a total of 194 parcel machines in the Baltic States, out of which 104 are located in Estonia, 46 in Latvia, and 44 in Lithuania. This makes Omniva the biggest operator in the Baltic States offering parcel machine services.
At the same time, the number of domestic letters in Estonia decreased by 16%. Approximately 86% of letter volumes are invoices sent by companies and institutions which are more and more often sent through electronic channels. Within the past six months, the volume of the universal domestic letter service has decreased by 18%, impacting on company profits.
However, the volumes of advertising mail increased by 13% in the first half of this year, supported by the elections of the Estonian Parliament in March. In parallel, Omniva is processing rising numbers of e-invoices, with sales invoices doubling and purchase invoices up by 30%.
As a result of these business developments, Omniva Group increased its revenues by 19% to €34 million in the first six months of 2015 and it made a small net profit of approximately €0.8 million.
In 2014, Omniva Group had revenues of €59.9 million and made a consolidated net profit of approximately €1.3 million.
