InPost records solid growth in Spain
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Following the launch of the InPost brand in Spain in July 2022, the company has recorded more than 3.35 million packages delivered in the third quarter of 2022, an increase of 41.5% compared to the third quarter of 2021.
Europe’s leading provider of lockers is reshaping the productivity, convenience and sustainability of Europe’s last-mile e-commerce with non-home delivery.
“InPost’s growth continues to accelerate in each of our core markets. Consumers’ desire to gain convenience and flexibility attracts them to our services, while e-commerce operators are looking for the sustainable and effective solutions we offer”, comments Rafał Brzoska, founder and CEO of InPost.
InPost
The key focus in the Spanish market is currently on the Punto Pack offering, with 3,513 Punto Pack at the end of Q3 2022, compared to 2,936 at the end of Q3 2021.
At the same time, the company has begun to invest in Lockers, which reached 33 (1,306 Lockers) at the end of the third quarter.
InPost records solid growth in Spain
The business and activity in Spain has been integrated into the structure of the InPost Group in 2022, which allows it to offer a high quality of service in line with what InPost offers in the rest of the countries in which it operates.
financial performance
Reported revenue in the third quarter increased 32.6% year-on-year to €359.36 million, driven by strong volume growth in all major markets.
On a 9-month basis, reported revenue increased 68.5% year-on-year to €1,047.8 million. On a like-for-like basis, revenue growth excluding Mondial Relay (acquired in July 2021) was 24.4%.
As in the first half of the year, cash flow was positive in the third quarter at €16.6 million, driven by adjusted EBITDA growth and moderating Capex.
Future plans
Despite continued caution about the macroeconomic environment, the company is confident of gaining market share in the medium to long term in all markets, as consumers and businesses reap the benefits of the InPost model.
The outlook for the remainder of the year remains positive, with parcel volumes in the run-up to Christmas expected to increase from the third quarter.
For its part, Spain continues to be a key market for the development of InPost, with expected growth in the deployment of Lockers and growth in volume.
