InPost S.A.

INPST

Equity

ISIN LU2290522684 / Valor 59575597

Euronext - Euronext Amsterdam (2024-12-24)

EUR 16.36+0.37%

InPost S.A.
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About company

InPost S.A. is a prominent European e-commerce enablement platform, established in Poland in 1999 by Rafal Brzoska. The company specializes in providing innovative delivery solutions, primarily through its extensive network of over 20,000 Automated Parcel Machines (APMs) and comprehensive to-door courier and fulfillment services tailored for e-commerce merchants. With the strategic acquisition of Mondial Relay, InPost expanded its service offerings to include 17,000 pick-up drop-off (PUDO) locations, further enhancing its logistics capabilities. As a market leader in Poland, InPost has successfully extended its operations across several key European markets, including France, Benelux (Belgium, the Netherlands, and Luxembourg), Iberia (Spain and Portugal), the United Kingdom, and Italy. This expansion underscores InPost's commitment to facilitating efficient and accessible e-commerce logistics solutions on a continental scale.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

InPost S.A. reported a strong revenue growth for Q3 2024, reaching PLN 2,535.2 million, which marks a 22.6% year-over-year increase. This growth was particularly driven by robust performances in Poland and the UK, as well as in the B2C segment within the Mondial Relay markets.

Parcel Volume Increase

During Q3 2024, InPost S.A. achieved a significant increase in parcel volumes, reaching 262 million parcels, which represents a 25% year-over-year growth. This increase was supported by both domestic and international markets, with Poland and international markets recording 21% and 32% growth, respectively.

Adjusted EBITDA Growth

InPost S.A. reported a substantial increase in Adjusted EBITDA for Q3 2024, reaching PLN 852.7 million, which is a 33.4% increase compared to the previous year. The Adjusted EBITDA margin improved to 33.6%, driven mainly by the international segment of the business.

Free Cash Flow and Deleveraging

InPost S.A. generated a positive free cash flow of PLN 578.9 million at the Group level for the first nine months of 2024. In Poland, the free cash flow amounted to PLN 1,002.1 million, with a 47% conversion rate from Adjusted EBITDA. This performance contributed to a reduction in the Group's net leverage to 1.9x by the end of Q3 2024, down from 2.2x at the end of 2023.

Capital Expenditure

InPost S.A. accelerated its investments, with total Group capital expenditure reaching PLN 986 million for the first nine months of 2024, marking a 40% year-over-year increase. Approximately 70% of this expenditure was allocated to expanding the Automated Parcel Machine (APM) network, primarily in international markets, raising the capex-to-revenue ratio to 13% from 11% the previous year.

Summarized from source with an LLMView Source

Key figures

32.0%1Y

57.6%3Y

%5Y

Performance

29.8%1Y

46.7%3Y

47.5%5Y

Volatility