Quarterly results
Key ratios and KPIs
PLN million, unless otherwise stated 2018 2019 2020 2021
Revenue 736.9 1,242.6 2,528.1 4,602.2
Reported EBITDA 109.7 350.1 983.6 1,436.1
Margin % 14.9% 28.2% 38.9% 31.2%
Adjusted EBITDA1 113.5 351.8 993.7 1,626.4
Margin % 15.4% 28.3% 39.3% 35.3%
EBIT -36.7 128.6 627.5 826.4
Margin % -5.0% 10.3% 24.8% 18.0%
Net profit 0.3 54.0 351.5 491.3
Margin % 0.0% 4.3% 13.9% 10.7%
CAPEX 135.7 319.7 536.5 935.6
Net debt/adjusted EBITDA1, 2 5.0 2.2 1.2 3.3
Units 2018 2019 2020 2021
Out-of-home points 7,090 10,066 14,066 41,948
of which APMs 5,596 8,352 12,254 20,367
of which Poland 4,339 7,186 10,776 16,445
of which France N/A N/A N/A 313
of which UK 913 822 1,134 3,150
of which other markets 344 344 344 459
of which PUDOs 1,494 1,714 1,812 21,581
Million 2018 2019 2020 2021
Parcel volume 83.2 143.9 309.9 517.6
of which Poland 82.5 143.4 307.7 424.3
of which Mondial Relay3 N/A N/A N/A 84.9
of which International (UK & IT) 0.7 0.5 2.2 8.4
PLN million, unless otherwise stated Q1 Q2 Q3 Q4
Revenue 1,542.1 1,696.5 1,690.4 -
Reported EBITDA 403.3 505.9 445.1 -
Margin % 26.2% 29.8% 26.3% -
Adjusted EBITDA1 409.1 511.0 455.8 -
Margin % 26.5% 30.1% 27.0% -
EBIT 196.8 268.7 189.5 -
Margin % 12.8% 15.8% 11.2% -
Net profit 69.4 216.9 142.4 -
Margin % 4.5% 12.8% 8.4% -
CAPEX 308 273.8 262.8 -
Net debt/adjusted EBITDA1, 2 3.3 3.2 3.2 -
Units Q1 Q2 Q3 Q4
Out-of-home points 44,710 51,600 54,278 -
of which APMs 22,272 24,266 26,330 -
of which Poland 17,357 18,418 19,254 -
of which France 651 1,012 1,653 -
of which UK 3,583 3,935 4,333 -
of which other markets 681 901 1,090 -
of which PUDOs 22,438 27,334 27,948 -
Million Q1 Q2 Q3 Q4
Parcel volume 164.2 179.9 178.8 -
of which Poland 112.1 122.8 124.1 -
of which Mondial Relay3 48.3 52.0 48.2 -
of which International (UK & IT) 3.8 5.1 6.6 -
PLN million, unless otherwise stated Q1 Q2 Q3 Q4
Revenue 793.1 857.6 1,274.5 1,677.0
Reported EBITDA 263.2 310.1 387.9 474.9
Margin % 33.2% 36.2% 30.4% 28.3%
Adjusted EBITDA1 332.2 362.4 408.7 523.1
Margin % 41.9% 42.3% 32.1% 31.2%
EBIT 144.5 186.9 221.1 273.9
Margin % 18.2% 21.8% 17.3% 16.3%
Net profit 97.8 90.3 129.0 174.2
Margin % 12.3% 10.5% 10.1% 10.4%
CAPEX 158.6 170.4 284.8 321.8
Net debt/adjusted EBITDA1, 2 2.0 1.9 3.5 3.3
Units Q1 Q2 Q3 Q4
Out-of-home points 15,789 18,392 38,487 41,948
of which APMs 13,488 15,566 17,994 20,367
of which Poland 11,743 13,347 14,952 16,445
of which France N/A N/A 138 313
of which UK 1,413 1,881 2,518 3,150
of which other markets 332 338 386 459
of which PUDOs 2,301 2,826 20,493 21,581
Million Q1 Q2 Q3 Q4
Parcel volume 98.0 104.0 135.3 180.3
of which Poland 96.6 102.5 98.6 126.6
of which Mondial Relay3 N/A N/A 34.8 50.1
of which International (UK & IT) 1.4 1.5 1.9 3.6
PLN million, unless otherwise stated Q1 Q2 Q3 Q4
Revenue 412.0 659.9 604.6 851.6
Reported EBITDA 135.4 264.3 234.4 349.5
Margin % 32.9% 40.1% 38.8% 41.0%
Adjusted EBITDA1 136.3 265.1 235.8 356.5
Margin % 33.1% 40.2% 39.0% 41.9%
EBIT 61.6 186.6 143.5 235.8
Margin % 15.0% 28.3% 23.7% 27.7%
Net profit -11.2 126.0 92.7 144.0
Margin % -2.7% 19.1% 15.3% 16.9%
CAPEX 94.5 120.8 177.7 143.5
Net debt/adjusted EBITDA1, 2 N/A 1.4 1.2 1.2
Units Q1 Q2 Q3 Q4
Out-of-home points 10,907 11,435 12,801 14,066
of which APMs 9,236 9,967 11,071 12,254
of which Poland 8,060 8,728 9,783 10,776
of which France N/A N/A N/A N/A
of which UK 832 895 944 1,134
of which other markets 344 344 344 344
of which PUDOs 1,671 1,468 1,730 1,812
Million Q1 Q2 Q3 Q4
Parcel volume 49.1 81.7 73.7 105.4
of which Poland 48.9 81.2 73.2 104.4
of which Mondial Relay3 N/A N/A N/A N/A
of which International (UK & IT) 0.2 0.5 0.5 1.0

1 Adjusted EBITDA facilitates period-to-period comparisons by removing the impact of its asset base (Amortisation and Depreciation) or capital/financing structure (Net financial costs), but also impact of expenses arising from the Management Incentive Plan (MIP) or any other employee incentive plans that will follow and costs related to certain material transactions such as IPO or M&A processes, which the management of the Group considers not related to day to day operations.

2 Last twelve months Net Leverage

3 Actual numbers include MR results since July 1, 2021 (date of acquisition MR to InPost Group)

Certain figures presented above, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the number presented above may not conform exactly to the total figure given.