Omniva commercial revenue up 25% for 2017

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Omniva has reported its commercial revenue grew by 25% in the first half of 2017 compared to the same period last year, with more growth seen in all the company’s business areas.

The growth has been credited to the rapid development of e-commerce that increased the revenue of Omniva’s international business, as well as of parcel services provided in the Baltic countries, its home market.

In the first half-year of 2017, the group’s total commercial revenue was €1.8m (US$2.13m).

Joona Saluveer, chairman of the management board of Omniva, said, “Continuously and rapidly growing is more characteristic of start-ups and small businesses, so for a company with a turnover of more than €100m, this is truly remarkable. Omniva is a strong and growing group that has made the right decisions regarding expansion, found new business areas, and managed to make a profit in areas with decreasing volumes.”

International business continued to be the area with the most rapid growth in the Omniva group in the first half-year of 2017 – 76% compared to the same period last year. The main focus of international business is the logistics of parcels from Chinese e-commerce to everywhere in the world.

The group’s revenue from the parcels business grew by 14% in the Baltic region compared to the same period last year. The Parcels Business had an especially significant increase in Latvia, up 65%. In Lithuania, the revenue from the parcels business grew by 25%.

“The expansion of Omniva to Latvia and Lithuania and addressing the entire Baltic region as its home market has been the right decision,” added Saluveer. “More and more customers want to receive a complete solution for parcel services in the Baltic countries and Omniva is able to successfully provide it.”

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Dan joined Postal and Parcel Technology International in 2014 having spent the early years of his career in the recruitment industry. As assistant editor, he now produces daily content for the website and supports the editors with the publication of each exciting new issue. When he’s not reporting on the latest logistics news, Dan can be found apprehensively planning his next DIY project for his new home.

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