InPost has added 7,502 lockers to its network in the first half of this year, a 58% year-on-year growth compared to the same six-month period in 2023.
Parcel volumes also increased by 163% to 23.6m during the period, and revenue tripled in the UK to reach £46.7m.
The ‘particularly robust’ performance and new record for locker deployment in the UK follows the company’s plans, announced in November 2023, to continue to expand to reach ‘continued strong demand’ from retailers and consumers.
The 58% expansion of its network to 9,600 points also includes 670 machines being added in Q2 alone, demonstrating the company’s capacity to deploy more lockers accelerated every month. Revenue in the UK market tripled to £265.9m in Q2 2024 compared with Q2 2023 and has increased on the back of the product mix, supported by rapid network expansion and logistics improvements.
InPost announces 147% parcel volume growth as push to expand continues
Rafał Brzoska, founder and chief executive officer of InPost Group, commented: “In Q2 2024, we delivered another set of strong operational and financial results. At the group level, we once again reported strong above-market volumes, revenue and profits. We are accelerating our application performance monitoring (APM) network expansion. Last quarter, we set a new record for locker deployments, with 3,000 new APMs.”
InPost’s parcel volume grew 29% year-on-year internationally,
Brzoska continued: “In the UK, our fastest growing market, we have accelerated our growth compared with Q1 2024. We are improving network utilisation, and our app was among the top 10 most downloaded lifestyle apps in the UK many times this year. We remain consistent in executing our strategy for each market and continue to focus on our expansion while maintaining the cost discipline.”
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