Integer.pl Group - financial results for Q1 2015
- Integer.pl Group noted consolidated revenues of PLN 153.46 million for Q1 2015, representing an increase of 27%
- The company reported PLN 8.11 million of net profit attributable to parent company shareholders and consolidated EBITDA amounted to PLN 11.42 million
- The cost of the continued international expansion of the InPost parcel locker network by easyPack came in below estimates
15th May 2015: Integer.pl Group- the owner of InPost, the operator of a worldwide network of automated parcel lockers and the largest private postal operator in Poland- achieved consolidated revenue of PLN 153.46 million for 2015, representing a year-on-year increase of 27%. The company reported PLN 8.11 million of net profit attributable to parent company shareholders and PLN 11.42 million of consolidated EBITDA.
Rafal Brzoska, CEO of Integer.pl Group stated, “The first few months of 2015 were very fruitful for Integer.pl Group. We concluded the fundraising process for easyPack- the owner of the InPost parcel locker network worldwide, announcing our prestigious new shareholders: Templeton Strategic Emerging Markets and PZU. Debt financing for InPost parcel lockers in Canada was also secured from the Polish state bank BGK. We also signed an agreement with Polish Post for paid access to postal infrastructure and expanded our locker network in Poland by a further 200 new terminals. In coming months, we plan to introduce several innovative services based on our highly developed logistics infrastructure throughout Europe. I am certain that we will offer unique integrated solutions not provided by any other operator.”
On 5th May 2015, Integer.pl Group announced, together with global asset manager Templeton Strategic Emerging Markets Fund IV, LDC (“TSEMF IV”) and insurance group PZU, a joint €81.7 million equity investment in easyPack- the global leader in automated services for e-commerce and the owner of the world's largest parcel lockers network. The proceeds will be used to accelerate the expansion of the InPost parcel locker network internationally. On the same day, BGK- a state-owned bank in Poland- announced its provision of a US$36.7m debt arrangement specifically for the roll-out of InPost parcel lockers in Canada.
In April 2015, InPost- a subsidiary of Integer.pl Group- signed an agreement with Polish Post (Poczta Polska) for paid access to the postal infrastructure, allowing InPost access to over 150,000 mailboxes previously available only to Polish Post’s postmen. The agreement applies nationwide and represents a watershed in cooperation between the two biggest players on the Polish post and parcel markets.
Furthermore, on 14th April 2015, Postal Group Poland- which was acquired by InPost at the end of December 2014- submitted an offer to the Office of Electronic Communications to become the designated postal operator for universal services 2016–2025. Fully aware of conditions that precluded the selection of Postal Group Poland, the company entered the tender nonetheless to express its interest in providing universal postal services.
InPost expects to have over 5,000 InPost parcel lockers across Europe, North America and the Middle East by the end of 2015 and is planning a further 4,000 terminals. Innovative Integer.pl Group solutions are already available on 5 continents. The development of the InPost parcel locker network globally is conducted by the easyPack company, in collaboration with the PineBridge Investments fund. easyPack has continued its dynamic expansion of the InPost parcel lockers network by increasing its reach in key European e-commerce markets including, amongst others, the UK and Italy. Integer.pl Group has also intensified its activity on other continents and begun installing machines in Asia, the Middle East and North America.