Omniva Group’s First-Half Revenue Grew by 10%, While Lithuania Recorded the Strongest Parcel Growth in the Baltics
International technology and logistics group Omniva delivered 9.3 million parcels in Lithuania during the first half of this year – 32% more than in the same period last year. This was the strongest parcel volume growth among the Baltic countries. The Group’s revenue reached EUR 78.2 million in the first half of the year, increasing by 10% compared with the same period last year.
Lithuania Grew the Fastest, International Business Drove Group Revenue
Although the Group’s revenue growth was primarily driven by its international middle-mile business, Lithuania recorded the strongest parcel growth among the Baltic countries.
“During the second quarter, we delivered 4.6 million parcels in Lithuania – nearly one-third more than a year ago. These results were driven by continued growth in e-commerce and stronger consumer spending following the second-pillar pension withdrawals. Lithuania’s strong performance reflects the continued momentum of the country’s e-commerce market,” says Tadas Drunga, Head of Omniva Lithuania.
The Group’s total parcel volume increased by 14% year-on-year in the second quarter to 13.4 million parcels, and by 17% in the first half of the year to 26.9 million parcels. While parcel volumes grew across both the Baltic markets and the Group’s international operations, revenue growth was primarily driven by the international middle-mile business.
In the second quarter alone, Omniva Group generated EUR 38.9 million in revenue, up 9% year-on-year.†
“Over the past few years, we have deliberately transformed Omniva into an international logistics group built on flexible, customer-centric technology solutions. Today’s results confirm that the strategic direction we have chosen provides a strong foundation for the company’s long-term growth,” says Martti Kuldma, CEO of Omniva Group.
Performance Improves Despite Loss-Making Postal Services
Although the loss-making universal postal service in Estonia continued to weigh on the Group’s profitability, the Group’s overall financial performance has improved. The Group’s adjusted net loss amounted to EUR 0.3 million in the second quarter and EUR 1.3 million in the first half of the year. Compared with the same period last year, the adjusted net result improved by EUR 0.3 million, driven by higher revenue and continued efficiency improvements. This improvement was achieved despite ongoing global inflationary pressures, with higher fuel prices alone increasing costs approximately EUR 0.4 million with net negative impact in the second quarter.
Investing in Network Expansion and Digital Services
During the second quarter, Omniva continued investing in the expansion of its parcel locker network and the development of digital services. The public parcel locker network expanded by 37 new locations for the parcel machines, increasing from 1,321 locations to 1,374.
The Omniva mobile app introduced the option to pay for a parcel on delivery upon collection. The company also launched a pilot of a new flexible delivery option, allowing customers to choose a lower-priced service in exchange for a shorter parcel locker storage period.
In June, Omniva received the Postal Operator of the Year award at the World Post & Parcel Awards in recognition of its successful transformation from a traditional postal operator into a technology-driven international logistics company.