Netherlands · Delayed Price · Currency is EUR InPost Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered strong volume and revenue growth, led by international expansion and network investments, though group EBITDA declined 4% due to U.K. transformation costs. Poland and Eurozone segments showed robust profitability, while the U.K. is on a turnaround path.
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A consortium led by Advent, FedEx, A&R, and PPF has made a recommended all-cash offer at EUR 15.60 per share, valuing the company at EUR 7.8 billion—a 50% premium to the prior share price. The deal aims to accelerate growth, maintain independence, and is expected to close in H2 after regulatory approvals.
Fiscal Year 2025
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2025 saw record parcel volumes and revenue growth, driven by international expansion and strategic acquisitions, though Q4 profitability was impacted by U.K. integration costs and heavy investment in AI and network. 2026 guidance points to continued volume growth, high CapEx, and flat EBITDA.
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Q3 2025 saw record parcel volumes and revenue, with over half of revenue from outside Poland and strong growth in all segments. Yodel integration in the U.K. is paused to prioritize quality, impacting short-term margins but supporting long-term strategy.
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Q2 2025 delivered 23% volume and 35% revenue growth, with international markets now over half of revenue. Strategic acquisitions and tech investments are accelerating expansion, while strong user loyalty and operational efficiency drive high margins, especially in Poland.
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Q1 2025 saw robust revenue and EBITDA growth, driven by strong performance in Poland and international markets, especially after the Yodel acquisition. The group upgraded its 2025 outlook, expects continued volume and revenue growth, and is expanding its APM network and merchant partnerships.
Fiscal Year 2024
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Record 2024 results with 22% parcel volume and 23% revenue growth, strong EBITDA and cash flow, and improved leverage. Strategic investments in network, digital services, and international expansion drive market share gains and set up for continued growth in 2025.
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Q3 2024 saw double-digit growth in parcel volumes and revenue, with adjusted EBITDA up 33% and strong margin improvements across all segments. The group accelerated APM network expansion, completed the Menzies acquisition, and raised its full-year CapEx and margin outlooks, while maintaining robust cash flow and reducing leverage.
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Full ownership of Menzies gives direct control over U.K. logistics, enabling rapid locker rollout, premium next-day B2C delivery, and operational efficiencies. The GBP 60 million deal excludes MDS, has minimal leverage impact, and supports ambitious growth and margin targets.
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Group parcel volume and revenue grew 23% year-over-year in Q2 2024, with Adjusted EBITDA up 29% and margin at 34%. International markets achieved double-digit EBITDA margin for the first time, while Poland maintained strong growth and profitability. Full-year outlook remains cautious but unchanged.