The number of InPost parcel machines in Poland rose 12.1% in June. From year to year and by 3.1 percent quarter over quarter reaching 20,000 652 machines. There are already 31,000 of these devices in all the markets in which the company operates. 443. The overall growth rate is 29.6 percent. y / y and 5.6 percent kdk, which is much higher than in Poland itself, shows that it is not Poland that InPost plans to achieve the greatest development, but the conquest of Western Europe is now crucial.
What’s more, the company has significantly reduced the number of non-parcel locker points in the country (usually small stores), reducing their number from 6.9 thousand. a year ago to the current level of 3.5 thousand. Between April and June, cooperation with 153 such points was interrupted. This indicates that The domestic market is already saturated The number of parcel machines covers Poland to such a large extent that much fewer alternative collection points are needed.
See also: There are nearly as many parcel lockers at InPost as all ATMs. Other boundaries have been broken
Mondial Relay, a subsidiary of InPost, operating in France, Spain, Portugal and the Benelux countries, is focusing its operations on such points, not parcel lockers, as the number of stores collaborating with InPost increased by 7%. On an annual basis to 19.8 thousand By 141 percent, the number of such points also increased in the United Kingdom and Italy Up to 4.9 thousand However, just in case British Italian part InPost has already increased the number of parcels arriving 40 Proc. RDR I’m 5,4 brook. kdk does 6,8 tys. On Mondial Relay markets (France, Spain, Portugal, Belgium, Netherlands, Luxembourg) InPost’s parcel locker network has just started and has reached 4000. machines, although the investment dynamics is very high and amounts to +297 Brook. RDR I’m +21,1 broc. kdk.
“We continued to invest in network development and service quality in the second quarter as demand for our services continued to rise. In Great Britain, one of InPost Group’s key markets, the partnership and subsequent share acquisition in Menzies Distribution has made it easier for us to increase volumes handled by leaps and bounds In the coming quarters, we will continue to develop our network, strengthen our market position and strive to improve profitability in all key markets. Rafael Brzewska, Founder and CEO, InPost. He noted that the dynamics were growing much faster than the markets in the company’s operating area.
In July, the InPost Group announced that it had bought 30% of the company for £49.3m. Shares and voting rights in the British company Menzies Distribution Group Limited – one of the largest logistics companies operating in the markets of Great Britain and Ireland, supplying press and goods to convenience stores. Over the next five years, InPost wants to have 15,000 jobs in the UK. Parcel lockers.
More about parcels in Poland
The number of packages processed has increased in all markets in which InPost operates. However, the amount of revenue has grown faster, which proves it The company was able to obtain higher prices for the transportation of one parcel.
In Poland, InPost was moved in the second quarter of this year. 141.6 million parcels (+15% yoy), and got 1 billion 294 million PLN for that, ie. On average 9.14 PLN per parcel. A year ago, in the same period, the price was PLN 8.17 per parcel, and in the first quarter of this year. – 8 Polish zlotys for 90 grams. As you can see, the average price rose sharply, by about PLN 1 per piece during the year.
in the markets Mondial Relay (France, Spain, Portugal, Benelux) InPost charges an average of PLN 11.96 per shipmentAnd in the markets Great Britain and Italy – PLN 9 85 grams. As you can see, in Poland InPost is the least important for parcel delivery, but it’s still growing more and more from quarter to quarter.
“Throughout 2023, the group expects higher revenue growth over volume,” the press release reads. to request? Prices will go up.
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Profits up
The increase in prices led to an increase in the profits of the group in the second quarter by up to 35 percent year on year to PLN 690.1 million, of which Profits in Poland rose 37.1%. up to PLN 618.9 millionMondial Relay markets fell 7.9%. to PLN 95.2 million, and in the British and Italian markets there was a loss of PLN 24 million, by 46 percent. less than it was a year ago. Increased margins and profits in Poland finance investments in Western Europe. Under the assumptions, the UK market is expected to post positive EBITDA from the fourth quarter of this year, and end next year in the black.
Investments fell by 11% in the second quarter. to PLN 244 million, but already in July, InPost bought a stake in the British company Menzies, which we wrote about above.
InPost Group’s net profit fell 41% year-over-year in the second quarter. up to PLN 128 millionWith revenue increasing by 26% (PLN 2,140 million). All because of the high financial costs (178 million zlotys compared to 43 million zlotys last year). The cost of financing a business goes up as interest rates go up. The result was worse than the consensus forecast gathered by the PAP at 29 percent.
The Amsterdam Stock Exchange, where InPost is listed, responded to this information with an increase of more than 10 percent.
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