Inpost Group, who is listed in Euronext Amsterdam is a European out-of-home e-commerce logistics platform. The group delivered over 1.09bn parcels, a 22% increase from 2023, and posted record-high revenues of PLN 10.95bn (approximately €2.46bn), up 23.5% year-on-year.
Its adjusted Ebitda rose to PLN 3.65bn, reflecting a 33.5% annual growth, whilst net profit nearly doubled, reaching PLN 1.25bn (€280m). The company also reduced its net leverage to 1.9x adjusted Ebitda, down from 2.2x a year earlier.
Reflecting on the year, Inpost CEO, Rafał Brzoska, said: “The strong results of 2024 show that our vision and our strategic choices resonate well with both merchants and consumers. By focusing on our customers, innovation, and quality, we’ve built a solid foundation that sets us up for continued success.”
In Poland, Inpost maintained its dominant market position, handling 709m parcels (+20%) and delivering free cash flow (FCF) of PLN 1.6bn (€360m), representing over half of total group FCF.
Mondial Relay: Profitability soars with B2C acceleration
The French subsidiary Mondial Relay, who also operated in Benelux, stood out in 2024, with parcel volumes rising to 266.7m (+11%), and a particularly strong 26% growth in the B2C segment.
Notably, deliveries to automated parcel machines (APMs) almost doubled, now representing 26% of total volumes, up from just 14% a year earlier. Mondial Relay’s adjusted Ebitda grew by 39%, reaching PLN 457.2m (€103m), and its profit margin rose to 15.1%, a 360-basis-point improvement.
The network also expanded rapidly, with 3,900 new APMs added (+73% year-on-year), consolidating Mondial Relay’s leadership in locker coverage across France.
Inpost has also made headway in reducing its environmental footprint. The company reported a 37% decrease in CO2 emissions per parcel over the past three years--a key metric as it scales operations across Europe. By shifting more deliveries to APMs, which reduce the need for door-to-door trips, and investing in route optimisation and automation, Inpost positions its logistics model as both efficient and low-impact.
For 2025, Inpost expects group revenue to grow between the high teens and low twenties in percentage terms, with Ebitda increasing in the low to mid-twenties. Management is confident that the company will continue to gain market share in every geography where it operates.
The network of APMs is set to grow rapidly, with over 14,000 new machines planned across Europe. Inpost will continue investing in international expansion, with a particular focus on the UK, France, the Benelux countries, and southern Europe. The company also expects to generate positive free cash flow at group level and to continue reducing its leverage.