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.
By Reuters Staff
1 Min Read
GDANSK, April 14 (Reuters) - Polish parcel locker company InPost said on Wednesday that it will launch 11 logistics hubs throughout Poland in response to growth in the courier services market.
InPost, which debuted on Euronext in Amsterdam in January, runs more than 11,000 automated parcel machines in Poland and provides courier services based on over 60 logistics centres.
The parcel business is widely used in Poland by sellers on online commerce platform Allegro.
The hubs will add more than 100,000 square meters to the company’s infrastructure, InPost also said.
“In 2020 we doubled turnover and the parcel volume we service - this year is set to be even better,” InPost Chief Executive Rafal Brzoska said in a statement.
InPost invests $140 million in U.K.
The Sunday Telegraph newspaper reported that InPost owner Rafal Brzoska is seeking to install 10,000 automated parcel machines across the U.K. by 2023, up from 1,500 currently.
Poland’s InPost SA is planning to invest 100 million pounds expanding the number of automated lockers used by online shoppers that it owns in the U.K.
The Polish company more than doubled its 2020 revenue with profit rising by 184%. Its domestic network of lockers grew by 50% as the pandemic accelerated online shopping.
InPost has been trying for years to expand abroad after becoming a leading player in e-commerce delivery in Poland. CEO Rafal Brzoskatold told Bloomberg in an interview earlier this year that he wants to double its U.K. network of automated lockers to 2,000 machines this year and will seek to buy logistic companies in France in early 2021.
InPost Eyes U.K. Growth Amid Online Shopping Boom: Telegraph
May 09 2021, 4:11 PM
May 09 2021, 3:48 PM
May 09 2021, 4:11 PM
(Bloomberg)
(Bloomberg)
Polandâs InPost SA is planning to invest 100 million pounds ($139.84 million) expanding the number of automated lockers used by online shoppers that it owns in the U.K.
The Sunday Telegraph newspaper reported that InPost owner Rafal Brzoska is seeking to install 10,000 automated parcel machines across the U.K. by 2023, up from 1,500 currently.
The Polish company more than doubled its 2020 revenue with profit rising by 184%. Its domestic network of lockers grew by 50% as the pandemic accelerated online shopping.
InPost has been trying for years to expand abroad after becoming a leading player in e-commerce delivery in Poland. Chief Executive Officer Rafal Brzoskatold told Bloomberg in an interview earlier this year that he wants to double its U.K. network of automated lockers to 2,000 machines this year and will seek to