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E-commerce promotes growth of Omniva’s turnover

According to the audited economic results confirmed by AS Eesti Post board on March 27the logistics company’s Omniva sales revenue grew by 7% last year, and the main engine of the growth were e-commerce related services.

The group’s consolidated net income was 1,3 million euros in 2014.

In 2014 Omniva group’s revenues were 59.9 million euros in total. “The business revenues growth was most affected by the increase in the volumes of logistics services, where a crucial part was played by network expansion of the parcel machines in the Baltic States and also the increase in parcel machine services and e-commerce volumes,” said Omniva’s chairman of the board Aavo Kärmas.

In the year 2014 the company significantly expanded the parcel machines network in Estonia and Latvia. After the expansion Omniva has 189 parcel machines in the Baltic States, from which 98 are located in Estonia. The parcel machine services grew in volume by 38% in Estonia, 198% in Latvia and 177% in Lithuania. “These numbers show that the customers have also embraced Omniva’s novel solutions,” said Kärmas.

If the group’s turnover grew by 7% as a whole during the last year, then the logistics services grew by 15%. Advertisement services turnover grew by 11%, periodical services turnover grew by 3%. During the last year Omniva intermediated over 11 million sales and purchases invoices. The percentage of e-invoices from all intermediated invoices grew to 40%.

In contrast the letter service volumes are steadily decreasing. In 2014 the domestic letter service turnover decreased by 8%. According to Kärmas the pervasive trend on the market is that the business correspondence is moving towards electronic channels. Somewhat surprisingly the incoming (19%) and outgoing (23%) international mail volumes grew, where we might also see the effects of e-commerce Kärmas estimated.

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Source: Omniva

 
   
         
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