Parcels and express, international transport and asset sales drove an 11% increase in total revenue for Lithuania Post in 2020.
Parcels and express volumes grew by close to two thirds, while volumes delivered to lockers more than doubled in the year. The post continues to expand its locker network, with plans to add around 280 new terminals to the network by 2025, doubling its network size. Other key investment projects for the post in recent years have included the rollout of mobile mail services and its automated logistics centre in Vilnius. Capex equated to 16% of the post’s revenue in 2020. For more details download the latest IPC Carrier Intelligence Report for Lithuania Post.
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