In the fourth quarter, InPost Group recorded an increase in the number of parcels of more than a dozen percent year-on-year, in Poland an increase of more than a dozen percent and outside Poland of around 20 percent. This is a continuation of the third quarter trend, where InPost Group handled 262 million packages, an increase of 25%. more than a year earlier. On the Polish market, the dynamics reached 21%. (170 million packages) and is twice the growth rate of the entire market, and in international markets it is 32%.
More income and less debt
Good operational results translated into solid revenue and profit increases. The group recorded a 23% increase in revenue to PLN 2.54 billion, which was mainly due to the markets of Poland, the UK and those served by Mondial Relay.
Group adjusted EBITDA reached PLN 852.7 million in the third quarter of 2024, an increase of 33% y/y. Adjusted EBITDA margin was 33.6%, an increase of 270 basis points compared to Q3 2023. The increase in EBITDA was primarily due to international business.
The Group's total capital expenditure in the first 9 months of 2024 amounts to PLN 986 million (+40% y/y), of which approximately 70% is allocated for expanding the Paczkomat device networkespecially in international markets. The capital expenditure to revenue ratio increased to 13% from 11% last year.