Estonia, Investments, Logistics, Post Office, Transport

The net profit grew 10% and the revenue, 26% compared to the previous year.

The growth was based on logistics and international business, including the start of cooperation with a Chinese logistics company and continued development of the largest parcel machine network in the Baltics, Omniva said. At the same time the year was characterized by continued decline in the conventional letter service.

The group's investments also increased in 2015, totaling 6.6 million euros. The most important part of investment was acquisition of new means of transport and parcel machines to promote the growing areas of logistics and parcels. A second major area of investment was information technology.

Omniva established last year an affiliated company, Post11, in cooperation with China's leading courier company S.F. Express, which provides online traders holistic international logistics solutions to deliver goods all over the world. 

"Online trade is increasing globally and the markets are consolidating, thus, a strategic partnership with a leading company in China – one of the most important online trade countries – is extremely important," Omniva's CEO Aavo Karmas said.

The increase in the volume of logistics services in the Baltic countries was also influenced by the increase in e-commerce and the expansion of the parcel machine network. Compared to 2014, the sales revenue of parcel machines increased by 62% and the sales revenue of the parcels business by 11% in the Baltics.

The volume of the letter service remained in a down trend, declining by 15%. The revenue of the domestic letter service decreased by nearly one million euros or 9%.