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InPost Group’s Q1 2023 results show noticeably increased year on parcel volumes and revenues.
Parcel volumes rose to 198.7 million, 21% up on the same period in 2022, while revenue increased year on by 29% to PLN 1,996 million.
Adjusted EBITDA was at PLN 557 million, a 36% year-on-year rise. Its parcel locker network also went up 29,765 units – a 34% increase compared to 2022.
41% of the company’s revenue came from international markets, with the remainder from Poland.
In Poland a new Q1 record in parcel volumes was achieved, reaching 132.0 million. Over in France, Mondial Relay handled 43.8 million parcels, up by 11% year-on-year. In the UK and Italy, InPost delivered 10.3 million parcels in Q1 2023 (up by 175% year-on-year), with revenue from International segment increasing by more than threefold year-on-year to PLN 103.4 million.
Commenting on the figures, Rafał Brzoska, Founder and CEO of InPost Group, said:
We’re excited to report another quarter of volume increase, outpacing the market in all our key geographies.
“In our flagship market of Poland, we not only saw an 18% growth in parcel volumes, but also achieved significant margin improvements. Similarly, Mondial Relay delivered a strong uplift in volumes, proving the strength of our offering in its markets. The increase of B2C parcels during Q1 2023 is a testament to our strategies in the Mondial Relay, especially in France. In the UK, we are optimistic about the outlook, having seen encouraging improvement in the economics per parcel.”
Brzoska added:
“We are committed to unlocking our growth potential in the UK and remain focused on enhancing the logistics supporting our operations in this market. Despite our volume increase across all geographies, we are mindful of the overall market slowdown. However, we remain confident in our ability to meet our ambitious expectations as laid out at the beginning of the year.”