Integer.pl Group—financial results for Q3 2015
After the three quarters of 2015 Integer.pl Group generated PLN 495 million in consolidated sales revenue, reaching PLN 21 million EBITDA and net profitattributable to parent company shareholders of PLN 8.8 million. In the third quarter the company has continued its expansion of automated parcel lockers in Poland and internationally, having installed over 300 new parcel terminals.
Revenues from sales in the third quarter of 2015 amounted to PLN 159 million. In the third quarter of 2015 the company recorded 26% growth in serviced parcels in all channels as compared to the same period last year. In the letter business line the company expanded its services introducing new services dedicated mainly for e-commerce. The company continued its international expansion by installing more than 300 new parcel lockers in its core markets such as: Poland, UK, France, Italy and Canada.
Courier services in Poland also grow dynamically, reaching app. 900 thousand of delivered parcels since June 2015. As for the end of September the Integer.pl Group noticed daily persistent volumes at the level of 24 thousand of courier parcels for more than 1,340 business clients. Comparing to the other courier companies developing their operations in the region such levels of deliveries have been recognised after 7-8 years. Presented data do not include cooperation with Allegro, which is supposed to complete the courier integration in November 2015.
“The third quarter of 2015 was a very intensive time in terms of preparations to the pre-Christmas e-shopping season. That is why we expand the network of InPost parcel lockers in Poland and we increase the capacity of already working terminals which rate of use is the highest. Due to our expansion strategy by the end of 2015 we plan to have 1800 terminals in the Polish market – this is important especially as the utilization of InPost parcel lockers in December is expected to exceed 100 percent again. We are also highly satisfied with the courier services in Poland and we aim at developing the company to the volumes ensuring valuation at PLN 400-500 million within 12-18 month”, comments Rafal Brzoska, CEO of Integer.pl Group.
In the third quarter of 2015 InPost has delivered 81 million of letters including 21.3 million of registered letters which is 23% and 40% change year-to-year respectively. In cooperation with Allegro – one of the biggest e-shopping platforms in Poland – InPost has introduced ‘Allegro Courier InPost’ which is the alternative solution for consumers who order goods online. The service provides costly-effective and fast form of door-to-door delivery. Its main advantages are: safety, possibility of tracking and tracing every parcel via dedicated website, timely execution of orders and a competitive price. In addition the company has implemented the option ‘E-commerce Registered InPost’ as well as finalized Electronic Confirmation of Acceptance (ECA) in entire Poland.
On 13th October 2015 InPost debuted on the Warsaw Stock Exchange. The debut was preceded by Initial Public Offering of shares held by the Integer.pl Group, which provided the Group with USD 121 million. According to the approved strategy, funds obtained from InPost’s IPO will be invested in the development of easyPack company and its parcel lockers’ business. In the IPO app. 42% of InPost’s shares has been acquired by the investors, including the European Bank for Reconstruction and Development (EBRD), which achieved the share of 8.4% of InPost.
„The IPO of InPost is a very important driver for the global expansion of InPost parcel lockers. Funds from the IPO are invested in easyPack and increase the share capital of Integer.pl Group in the company. Thanks to them we will be able to continue the policy of dynamic expansion and further deployment of terminals in our strategic markets – the UK, France, Canada and Italy. We assume that one of them can achieve break even in the first half 2016. Certainly a decisive influence on it will have a pre-Christmas high e-shopping season.”, adds Rafal Brzoska.
Moreover, the project ‘Technology transfer and delivery of FMCG products via network of prototype automated terminals’ was included among the tasks recommended by the NCBR for financing under the Operational Program of Intelligent Development. The amount requested by the Integer.pl SA company reaches over PLN 10 million.
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About Integer.pl Group
Integer.pl Group with InPost and easyPack – subsidiaries of Integer.pl Group – are among European largest private postal and logistics operators as well as leaders in automation of e-commerce and last mile delivery with over 10,000 employees and the world’s most extensive automated parcel lockers’ network.
Integer.pl Group and easyPack introduced its parcel lockers in the following countries: The United Kingdom, France, Italy, Poland, Ireland, Iceland, Lithuania, Latvia, Estonia, Russia, Czech Republic, Slovakia, Colombia, Canada, Australia and Saudi Arabia.
Integer.pl Group success is underpinned by innovation in both business solutions and technology acknowledged by numerous awards and accolades including: the ‘World Mail Awards 2013’, ‘Retail Innovation of the Year’ (2013) and, in 2014, ‘Delivery Innovation Excellence UK’ and PostExpo ‘Supplier of the Year’.
Integer.pl Group has been listed on the Warsaw Stock Exchange since 2007.
For additional information on Integer.pl Group, visit https://integer.pl/en.
 Parcel lockers’ network under the brand name of InPost is owned by easyPack – a subsidiary company of the Integer.pl Group. InPost parcel lockers in Poland are supported logistically by InPost SA – a company owned by the Integer.pl Group – which is listed on the Warsaw Stock Exchange since October 2015.