lnPost reports 54% year-on-year revenue growth in H1 2021 and 30% revenue growth in Q2 2021, with continued adjusted EBITDA margin expansion and improvement in cash conversion. Inpost reported a loss of 40 mln euros in the first half of 2021.
The total number of Automated Parcel Machines (APM) increased by 56% year-on-year to 15.572, with 2 million lockers deployed (+75% year-on-year). In Poland, APM parcel volumes increased by 61% year-on-year to 165 million. International parcel volumes increased by 314% year-on-year to 2.9 million.
Over the course of the quarter, Inpost further enhanced the scale of their ecosystem, with added convenience to consumers, and partnerships with retailers and merchants improved the value proposition. This included the continually growing number of “In Post Mobile” app users, reaching 7 million at the end of Q2, and a best-in-class net promoter score.
Inpost accelerated the pace of APM deployments in both Poland and the U.K. as well as bringing new innovative solutions that enhance the overall consumer experience. End of Q2, Inpost deployed 14.000 APMs in Poland, having recently surpassed 2.000 APMs in the U.K.
In the “Green City” program, Inpost partners with 6 of the leading cities in Poland to help reduce air pollution and enhance the wellbeing of communities. This includes the deployment of the latest generation of APMs that will operate on renewable energy.
Following the end of the 2nd quarter, Inpost closed the acquisition of Mondial Relay, a major step in fulfilling our ambition to become Europe’s leading out-of-home automated solution for B2C and C2C e-commerce.