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Lithuanian Post delivers mixed 2024

LP EXPRESS delivers more parcels to lockers (Source: Lithuanian Post)

Lithuanian Post saw revenues and parcel locker volumes rise last year but profits dropped due to increased vehicle and network expansion costs and declines in domestic mail volumes.

The postal operator has also had a busy start to this year, expanding its Unisend parcel lockers in Estonia and signing a delivery deal with Temu for the three Baltic states, while appointing Kastytis Valantinas as CEO with effect from May 12.

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