Latest News

Parcel locker firm InPost delivers 33.4% rise in Q3 earnings

Parcel locker business InPost reported a 33.4% increase in its thirdquarter incomes on Friday, above market expectations, buoyed by volume development both in its home market Poland and abroad.

Adjusted revenues before interest, tax, depreciation and amortisation (EBITDA) were 852.7 million zlotys ($ 213.2 million). in the quarter, compared to the 821 million expected by experts. in a company-compiled consensus.

InPost runs Europe's greatest network of automated. lockers, dubbed automated parcel machines or APMs, that allow. customers to gather or drop off plans at a practical time.

The group, which aside from Poland is present in eight. nations including France and Britain, delivered 262 million. parcels in the quarter, 25% more than in 2015.

InPost stated it expects 2024 group margins to enhance year on. year, with margins in Poland growing in line with income and. stabilising at a mid-40s portion. It had previously guided for a. somewhat softening margin in Poland, but also can be found in at. mid-40s.

It now sees margin at its Mondial Relay segment, which. includes France, to improve by 200-300 basis points compared to. the boost of 100-200 basis points it saw earlier.

At the group level, it expects revenue growth rate to be in. line with volume development on the back of product mix by markets,. while earlier it had expected it to go beyond volume growth by. low-to-mid single digits.

(source: Reuters)