InPost CEO on Q3 results: we are relentlessly focused on delivering
InPost Group has announced it’s Q3 24 results this morning, featuring significant gains in volumes, sales and profitability, as well as continued expansion of its locker network in all key markets.
Key highlights within the UK Market include:
- Revenue in the UK market doubled YoY to £48.9m in Q3 2024.
- Parcel volumes also accelerated significantly to 25.1m, an 88% YoY increase.
- InPost’s UK network has expanded 72% YoY to 11,800 Out Of Home (OOH) points
- This included 8,400 lockers, reinforcing InPost as the leading APM network in the UK.
Rafał Brzoska, Founder and CEO of InPost Group, commented: “Last quarter saw just another period of strong growth and strategic progress for InPost, with Group parcel volumes increasing 25% year-on-year. Our expansion efforts have resulted in significant contributions from both Poland and international markets. We are accelerating our APM network growth, having deployed a record 3,000 new lockers in the last quarter and over 10,000 in the past twelve months.
In Poland, we continue to strengthen our leadership position, achieving above-market growth while maintaining high margins. Last month, we opened Poland’s largest and state of the art sorting hub with a sorting capacity of way over one million parcels per day.
Mondial Relay also posted great results, with double-digit volume growth and a substantial rise in Adjusted EBITDA, driven by robust performance in both B2C and C2C segments. In the UK, we
achieved record high volumes and good margins. Our recent acquisition of Menzies enables us to fully control UK logistics, enhancing our service offering with high-quality, next-day B2C delivery
capabilities.
As we head into the important fourth-quarter peak, we are relentlessly focused on keep delivering with the best user experience and quality, and to capitalise on the continued volume momentum
we’re seeing into Q4.”
