Poland’s InPost lifts 2021 guidance after strong Q1 results
GDANSK, May 19 (Reuters) – Polish parcel locker company InPost INPST.AS raised its 2021 outlook on Wednesday on expectations that the strong growth in e-commerce that boosted its revenue by 93% in the first quarter will not fade.
InPost, which debuted on Euronext ENX.PA in Amsterdam in January, has benefited from a boom in online sales due to lockdowns during the coronavirus pandemic.
Its revenue surged to 793 million zlotys ($214 million) and the number of parcel machines rose by 47% to 13,553 in Poland.
“Given our stronger than expected first quarter, particularly in Poland, we have increased our outlook for the full year… We expect the coming quarters to be equally strong,” CEO Rafal Brzoska told a conference call.