InPost delivered 44% more parcels year-on-year. Stock price increased significantly
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InPost's quotations went up by 46% in 3 months. Its parcel machines are a sensation in Great Britain and France. The French and British fell in love with parcel lockers.
Yes, it's true, the result of InPost in terms of parcel deliveries in 2022 is impressive. The group recorded an increase of 44% y/y, delivering 744.9 million shipments! In Poland, the volume of shipments was 508.4 million (+20% y/y), and abroad 236.5 million (+153% y/y), including Mondial Relay delivered 213.1 million parcels (+151% yoy).
The founder of InPost , RafaÅ‚ Brzoska, stated that 2022 was another good year for the group. “ We recorded record volumes, both in Poland and on international markets . This was achieved despite difficult macroeconomic conditions that were a challenge for the entire e-commerce sector. The exceptional quality of services offered by InPost made it another year of growth in the share on the main Polish market. [...] Despite record volumes of up to 5 million parcels a day , our NPS (Net Promoter Score - customer loyalty indicator) increased from 75% to 81% in the survey in December 2022. These results confirm that the InPost parcel locker network is the most convenient, flexible and pro -consumer form of delivery for e-commerce. As the volumes for the fourth quarter show, we are successfully implementing our business model on new markets," said RafaÅ‚ Brzoska, CEO of InPost.
At the end of 2022, InPost had 27,939 parcel lockers , including 19,306 in Poland (+17% yoy) and 8,633 on international markets (+120% yoy). The number of lockers at the end of last year amounted to 2.9 million in Poland (+21% y/y) and 651,000. (+196% y/y) on foreign markets. When it comes to sending / receiving points, the group had 26,099 at the end of 2022.
President Brzoska pointed out that the French Mondial Relay recorded a record-breaking growth, exceeding earlier assumptions . "The growing demand for the company's services in France reinforces the belief in the validity of the assumptions regarding the scale and pace of the planned investment process in this country, both in the logistics network and the expansion of the parcel locker network" - said Brzoska.
However, parcel machines are a real sensation in the British Isles h. InPost even decided to temporarily limit their availability due to concerns about the capacity of the logistics partner. “This motivates us to expand logistics on the British market so that it fully meets the expectations of our customers,” said Brzoska.
InPost quotations against the Euronext Euro 500 index - 6 months
Source: TradingView
InPost invests and improves financial results
Let us remind you that InPost is also investing in a fleet of electric cars. It ordered 174 EVs a few months ago, including 100 Ford E-Transit and 74 Stellantis cars and Mercedes eSprinters . As a result, its fleet will increase to nearly 500 cars and will be the largest in Poland among courier companies. It will deliver parcels in the most important partner cities of the Green City program in Poland, including in Warsaw, WrocÅ‚aw and Kraków.
In the first quarter of 2023 , InPost is to offer a financial service. "With 16.3 million active customers, we are probably - among service companies - in TOP3 when it comes to customer loyalty , and this makes us think about further services that we will want to offer when shopping online" - announced the president of Brzoska in November. It is worth recalling that in the fall InPost entered into cooperation with Zalando .
In Q1-Q3 2022, InPost had PLN 428.7 million of consolidated net profit attributable to shareholders of the parent company, compared to PLN 317.1 million profit a year earlier. Revenues amounted to PLN 4,910.8 million compared to PLN 2,910.7 million a year earlier. The company explained that the good results for 9 months of 2022 are the result of an increase in volumes, however, it noted that since mid-October the market has been growing at a moderate pace, probably due to inflationary pressure. “Nevertheless, it can be expected that the annual increases in contract prices will have a positive impact on margins in the fourth quarter. The increase process will continue until the end of Q1 2023. In the medium and long term, the group's management expects to increase its market share in all key countries for the group, announced InPost in November 2022.
InPost is a delivery platform for e-commerce. The company has a network of parcel machines in Poland, Great Britain and Italy, and also provides courier services. In July 2021, InPost acquired Mondial Relay . In January 2021, InPost debuted on the Euronext Amsterdam stock exchange. Since the IPO, InPost's valuation has fallen by -56% to EUR 4.22 billion.
InPost quotes from IPO against the Euronext Euro 500 index
Source: TradingView
