Omniva's 2017 revenue totals nearly €100 million ({{commentsTotal}})

An Omniva package terminal.
An Omniva package terminal. Source: (Postimees/Scanpix)

Last year, the total revenue of Omniva Group increased four percent on year to €99.8 million.

In 2017, Omniva Group saw growth in both its package and information logistics businesses on its domestic market in the Baltic region, according to a company press release. The company also managed to maintain revenue from postal services, and Omniva subsidiaries in Latvia and Lithuania experienced continuing rapid growth.

Last year, the the company turned 99 years old, making the earning of nearly €100 million in turnover symbolic as well, according to Omniva CEO Joona Saluveer. "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," he added.

The group's sales revenue from package services increased by 12 percent in 2017. Package terminals saw the most rapid growth, with associated sales revenue increasing by 42 percent in the Baltic region: 26 percent in Estonia, 59 percent in Latvia, and 93 percent in Lithuania. The increase in the volume of package terminal services was affected the most by the rapid development of e-commerce and the continued expansion of Omniva's package terminal network. Last year, Omniva delivered 45 percent more packages to customers via package terminals than in 2016.

Omniva's Latvian and Lithuanian subsidiaries showed significantly faster growth, with the sales revenue of the entire Latvian unit increasing by 58 percent on year, accounting for more than €4 million, and the sales revenue of Omniva's Lithuanian unit increasing by 25 percent on year, accounting for more than €4.5 million.

Editor: Aili Vahtla



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