InPost has announced a dramatic surge in UK parcel volumes and revenue following its acquisition of rival Yodel earlier this year.
UK revenue climbed 303.1 per cent year on year in the second quarter to PLN 954.2m (£193m), establishing it as the Group’s second-largest revenue generator after Poland, which holds a 27 per cent share, as reported by City AM.
Parcel volumes, incorporating Yodel’s consolidation for May and June, surged by 177 per cent year on year to 65.4m.
Adjusted EBITDA expanded 43.6 per cent to PLN 48.4m (9.83m) demonstrating robust performance throughout the Yodel consolidation and integration period.
InPost to maintain expansion
InPost, which commenced operations in 2013, functions by managing networks of lockers throughout a nation, collaborating with national postal services to facilitate parcel deliveries to and from these collection points. Consumers can subsequently collect or deposit items at their convenience.
Approximately three quarters per cent of residents in the UK’s top three cities live within a seven-minute walk of an InPost collection point, with 51 per cent of the total population served.
Whilst the Polish operation continues to generate the bulk of InPost’s revenue, the UK represents its most rapidly expanding market amongst the nine territories in which it operates – the UK market expanded by 163 per cent last year.
Rafał Brzoska, founder and CEO of InPost, described it as “another strong quarter” for the company. “For the first time, over half of InPost Group’s revenue came from outside Poland, confirming the success of our international strategy.”
“The UK has emerged as a key growth engine, with volumes almost tripling, driven by addition of Yodel to the Group’s portfolio and continued organic growth,” he added.
InPost’s overall revenue escalated to PLN 1bn (£200m) in the second quarter, marking a 23 per cent increase year on year.
Revenue surged by 25 per cent to PLN 3.5bn, while adjusted EBITDA climbed by 35 per cent to PLN 3.5bn.
