InPost CEO: growth continues to accelerate across each of our core markets

InPost Group reports another quarter of accelerating volume growth and strong expansion of the locker network across all core markets.

GROUP HIGHLIGHTS

• Q3 total parcel volume up 32% YoY, with revenue up 32.6% to PLN 1,690.4 million (Q3 2021: PLN 1,274.5 million)
• In the UK, Q3 volumes grew by 227% compared with the same period last year, enabled by a dense network of APMs in the major cities of London, Birmingham and Manchester, where 46% of residents are within a 7-minute walk of an InPost  UK facing unprecedented demand for its new locker-to-locker service, with 45% repeat customers after only two months since launch
• InPost customers represent half of the country’s adult population, with 16.3 people now using InPost
• Strong environmental credentials – each APM in Poland reduces CO2 emissions by 53kg daily – on annual basis the equivalent benefit to planting 3,000 trees – providing a sustainable solution to last-mile deliveries

OPERATIONAL HIGHLIGHTS

• Strong volume growth – overall Q3 parcel volumes up 32% YoY, with growth in all core geographies
• Poland – 26% YoY volume growth driven by both APM and to-door parcel growth
• France – 34% YoY volume growth, mainly attributable to C2C growth in Mondial Relay and a weak base
• UK – 227% YoY volume growth, mainly driven by the differentiated returns offering with merchants and a new locker-to-locker service for individual consumers

Rafał Brzoska, Founder and CEO of InPost commented: “InPost’s growth continues to accelerate across each of our core markets. Consumers’ desire for convenience and flexibility attracts them to our services, while e-commerce merchants seek the sustainable and cost-effect solutions we provide. With inflationary pressures continuing to challenge merchants, the need for improved courier productivity and a seamless last-mile automated solution has never been greater.

“As we strive to deliver continued growth across Poland, France and the UK in Q4 and into 2023, we remain confident that the fundamental drivers for out-of-home delivery remain in place. This confidence underpinned our decision to invest in the expansion of our APM network in Q3, adding 2,064 new APMs, comprising 239k individual lockers, to our network, bringing our total network to 26,330.During this period of growth, we have remained focused on our mission to bringing sustainable solutions to last-mile delivery. I’m proud of the work that has been achieved this quarter in reducing the need for packaging for InPost deliveries and improving the efficiency of our APM network. Just one APM in Poland reduces CO2 emissions by 53kg daily – on annual basis this is equivalent to planting 3,000 trees. As the world pursues its net-zero ambitions, we believe that InPost’s proposition brings much needed, increasingly sustainable solutions to the delivery sector.”