InPost forecasts PLN 3.46-3.56 billion in revenues

InPost forecasts that throughout 2021 (excluding Mondial Relay) it will achieve PLN 3,460-3,560 million in revenues and 42-43% of the adjusted EBITDA margin, compared to the previously forecasted 3,700-3,850 million PLN in revenues and 41-43% EBITDA margin, the company said. The pro forma forecast with the annual contribution of Mondial Relay amounts to PLN 5.6 - 5.8 billion in revenues

InPost also forecasts that the number of parcel lockers will amount to 19.1 - 19.6 thousand at the end of the year (with Mondial Relay pro forma: 19.35 - 19.9 thousand) compared to 19.35 -19.9 thousand, respectively. and 18, 25-19 thousand

The total capex is assumed at PLN 845-900 million (with Mondial Relay pro forma PLN 995 - PLN 1,080 million).

On the occasion of the results for the third quarter, the company revised its forecast for 2021. This is mainly due to the slower than expected growth of the e-commerce market in Poland in the second half of 2021, especially expected in the fourth quarter. volumes and revenues in the last quarter of this year will be higher than the growth of the e-commerce market, especially in the parcel locker segment.Nevertheless, the company has revised its forecast of adjusted EBITDA margin for the full year 2021 and expects it to be in the upper range of the previous forecast. On a pro-forma basis, the company's revised forecast also reflects the updated forecast for the international segment, which is mainly due to slightly lower volumes in the market served by Mondial Relay, the company announced.

Source: InPost and ISBnews