InPost S.A. ((NL:INPST)) has held its Q1 earnings call. Read on for the main highlights of the call.
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InPost’s earnings call for the first quarter of 2025 painted a picture of robust growth and strategic success, albeit with some challenges. The company reported strong revenue and EBITDA growth, fueled by international expansion and network development. The acquisition of Yodle and increased market share in the UK were highlighted as significant achievements. However, challenging market conditions in Poland and FX losses posed hurdles, though the company’s strategic initiatives and customer satisfaction in Poland remained strong.
Strong Revenue and EBITDA Growth
InPost reported a remarkable 22% year-on-year increase in revenue and a 24% rise in group adjusted EBITDA for Q1 2025. This reflects a robust business performance, underscoring the company’s ability to generate significant financial growth despite external challenges.
International Expansion Success
The acquisition of Yodle has significantly bolstered InPost’s position in the UK, increasing its market share to 8%. This strategic move sets the stage for further expansion and highlights the company’s successful international growth strategy.
Record APM Network Expansion
InPost achieved a record expansion of its APM network by adding over 3,000 machines in Q1 2025, a 32% increase. This brings the total to 50,000 machines, making it the largest independent locker network in Europe, a testament to InPost’s commitment to enhancing its logistics infrastructure.
Growth in B2C and APM Volumes
In the Eurozone, InPost saw a 29% increase in B2C volumes and a dynamic 70% growth in APM volumes during Q1 2025. These figures highlight the company’s strong performance in the consumer and logistics sectors.
Enhanced Customer Loyalty in Poland
InPost achieved a Net Promoter Score of 77 in Poland, indicating high customer satisfaction and loyalty. This metric underscores the company’s success in maintaining strong customer relationships in its home market.
Challenging Market Conditions in Poland
The Polish e-commerce market showed signs of softness, with weaker consumer sentiment impacting growth expectations. This presents a challenge for InPost as it navigates a less favorable domestic market environment.
FX Losses Impacting Net Earnings
FX losses, due to the strengthening of the Polish zloty against the euro, negatively affected net earnings, which were otherwise up by 11% year-on-year. This highlights the impact of currency fluctuations on the company’s financial performance.
Tax Payment Timing Effect on Cash Flow
The timing of tax payments impacted InPost’s group free cash flow, showing a decrease compared to the previous year. This factor is important for understanding the company’s cash flow dynamics.
Forward-Looking Guidance
InPost’s guidance for the second quarter anticipates a group volume growth of about 25%, with international segments expected to grow by 50%, including the Yodle consolidation. The company expects continued robust growth across various metrics, with revenue projected to surge by 29% when excluding currency effects.
In summary, InPost’s earnings call for Q1 2025 highlighted strong growth and strategic achievements, particularly in international expansion and network development. Despite challenges in the Polish market and FX losses, the company’s forward-looking guidance remains optimistic, with expectations of continued growth and market expansion.