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International Internet Magazine. Baltic States news & analytics Tuesday, 22.09.2020, 04:37

Omniva sees share of parcel business grow to nearly 50% total revenue in H1

BC, Tallinn, 16.09.2020.Print version
The six-month turnover of the Baltic parcel business of Estonian postal services company Omniva formed a record 49%% of the group's turnover in the first six months of 2020, 12 percentage points more than during the same period last year, writes LETA/BNS.

The six-month turnover of the Latvian and Lithuanian subsidiaries made up more than a fifth of the entire group's turnover this year.

According to the Estonian e-Commerce Association, Estonians ordered nearly 700,000 more parcels over the two summer months than were ordered last year.

In spring, when physical stores were closed, parcel volumes in one month were larger by nearly one million. According to the Estonian e-Commerce Association, nearly 50% of e-commerce parcels in Estonia are moved by Omniva.

The Lithuanian parcel service market shows the most rapid growth in the Baltic region. According to the Communications Regulatory Authority of the Republic of Lithuania, Omniva owned the largest market share in parcel and courier services with 28.5%.

In one year, Omniva has increased its market share by 12.4%, and compared with the first quarter by 3%. The next largest market shareholders are DPD with 26.2% and Lithuania Post with 21.4%.

In Lithuania, the parcel volume on the entire market has increased by 66.6% compared with last year and nearly 20 million parcels were delivered to clients on the Lithuanian market in the second quarter.

Parcel volume statistics have not been collected on the Latvian market.

AS Eesti Post, which uses the Omniva brand, is a state-owned company that belongs under the domain of the Ministry of Economic Affairs and Communication. The company provides postal business, parcel business, information business and international business services.

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