Venipak, the logistics company that, as recently announced, is becoming part of DHL eCommerce, a division of DHL Group, generated €48 million in revenue across the Baltic states in the first half of this year, representing a 16% increase compared with the same period last year. The strongest revenue growth of 20% was recorded in Lithuania. The number of parcels delivered across the three Baltic states increased by approximately 9% to 7.134 million.
The company’s performance was primarily driven by the expansion of its parcel locker network, growing international e-commerce volumes, particularly shipments from China, and a more favourable consumer environment in Lithuania.
Parcel locker deliveries and shipments from China both increased
“We achieved record revenue in the first half of this year. This growth was driven by higher parcel volumes from international online stores, particularly those in China, as consumers rushed to place orders before the €3 fee on low-value parcels took effect in July. Lithuania’s second-pillar pension reform provided an additional boost to domestic consumption, contributing to an increase of nearly 10% in parcel volumes in the country during the second quarter,” says Andrius Ladauskas, CEO of Venipak.
According to Ladauskas, the continued rapid growth of parcel locker deliveries also had a significant impact on the increase in both revenue and the number of parcels delivered. In the first half of this year, the number of parcels delivered to parcel lockers was 15% higher than during the same period in 2025.
“Although we expected the share of parcels delivered to lockers to increase, we are seeing this segment grow at an increasingly faster pace each year. This reflects changing recipient habits, with more and more people choosing to collect their parcels at a time that suits them. In response, we are continuously expanding our parcel locker network and increasing the capacity of existing lockers by adding extra modules and compartments at the busiest locations,” says Ladauskas.
Venipak currently operates a network of approximately 1,000 parcel lockers across the Baltic states. Around 800 of these are owned by Venipak, while a further 200 are available through the company’s partnership with the shared parcel locker network uDrop.
According to Ladauskas, preparations that began at the end of last year helped the company manage the increased parcel volumes smoothly.
“We expanded terminal capacity, invested in new conveyors and other sorting equipment, and strengthened our sorting teams. This allowed us to implement the most important changes in the first half of 2026. At the same time, we flexibly reallocated terminal and courier resources, monitored route capacity and increased the capacity of the most popular parcel lockers. These measures allowed us to manage growing parcel volumes efficiently and systematically,” Ladauskas emphasises.
Further growth expected
The second half of the year has also started on a positive note for the company.
“In July, we continued to see the impact of the pension reform, with parcel volumes growing faster than during the same period last year. The back-to-school season is expected to provide an additional boost in late summer and early autumn, while we traditionally anticipate the highest level of activity in the fourth quarter, when Black Friday and pre-Christmas shopping drive up parcel volumes,” says Ladauskas.
However, according to Ladauskas, the first signs of a slowdown in parcel volumes from China are already emerging. This is linked to the €3 fee on low-value parcels from non-EU countries, which took effect on 1 July and may lead to a short-term decline in this segment. Over the longer term, the new regulation could encourage e-commerce platforms to make greater use of European warehouses or consolidated delivery models. As a result, not only parcel volumes but also shipment structures and routes may change.
Despite possible short-term fluctuations, total parcel volumes are expected to continue growing in the second half of the year, although the pace of growth may vary between individual Baltic countries and market segments.
Venipak Group generated revenue of €85.6 million in 2025, with EBITDA reaching €12.4 million.
