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International Internet Magazine. Baltic States news & analytics Friday, 19.04.2024, 18:53

Estonian people send fewer letters in H1

BC, Tallinn, 06.08.2015.Print version
E-commerce development is raising the number of packages sent via parcel terminals but the number of letters falls quicker than expected in Estonia, first six months 2015 business results of the state-owned logistics and postal company Omniva indicate, LETA/Postimees Online reports.

In the first six months of 2015, the amount of parcels handled by Omniva in the Baltic States grew by 10%. The number of parcels sent via self-service parcel terminals grew by nearly 50%.

 

Omniva has a total of 194 parcel terminals in the Baltic states, of which 104 are located in Estonia, 46 in Latvia and 44 in Lithuania. This makes the company the largest parcel terminal service company in the Baltic States.

 

At the same time, the number of domestic letters fell by 16%. 86% of letter services are bills and notifications sent by enterprises and institutions, which are moving increasingly to electronic channels. Universal domestic letter service volume decreased by 18% and the service revenues accounted for 2.6% of the group's revenue.

 

Advertising service volumes increased by 13% compared to the same period last year, which was also supported by Riigikogu elections in March. The amount of e-invoices mediated by Omniva surge. Volumes of sales invoices have grown more than 100%, and purchase invoices nearly 30%.

 

Omniva group's total revenues were 34.0 million euros in the first half of the year, the group's net profit was 0.8 million euros. In the first six months of 2015, Omniva revenues grew, compared to the same period of the previous year, by 19%.

 

In 2014 the group had total revenues of 59.9 million euros, consolidated net profit was 1.3 million euros.

 

Omniva Group consists of the parent company AS Eesti Post and subsidiaries AS Maksekeskus, UAB Omniva LT and SIA Omniva.






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