Locker provider InPost has seen parcel volumes rocket by 147% in the UK in its Q1 2024 results.

Parcel volumes reached 17.2m across all networks, including independent retail, in the UK, while revenue for the company increased even more by 194% year-on-year to £35.2m, partly driven by the consumer to consumer segment.

The locker provider’s success builds on its plans, announced in November 2023, to continue to expand to reach ‘continued strong demand’ from retailers and consumers.

In its latest results, InPost revealed its UK out-of-home segment – InPost lockers in public spaces – saw an increase of 59% year-on-year, including 6,800 locker machines.

Rafał Brzoska, founder and CEO of InPost Group, said: “Volume growth in Q1 significantly outpaced the market across all our geographies, while also delivering strong year-on-year progress in [earnings before interest, taxes, depreciation, and amortization] and cash flow generation.”

Brzoska added the company is “very much on track” in rolling out strategic priorities including expanding its European locker network with a particular focus on alternative payment method (APM) deployment levels in the UK.

He continued: “In parallel we are making good in driving profitable growth in the UK and Italy and in enhancing our already market leading position in Poland with the launch of new services such as InPost Pay. Looking ahead we remain confident in our full-year outlook.”

In InPost’s outlook for FY 2024 and Q2 2024, it expects parcel volume to outperform market growth in all geographies; increase market share in all our geographies.

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