Report
Wim Gille

InPost : Strong quarter, very attractively valued at c. 30-35% discount

>Almost doubling of revenues in Q1 2021 - InPost reported a strong Q1 2021, roughly in line with our estimates. Revenues and volumes almost doubled and the EBITDA margin increased by 8.8% yoy, to 42%, for the group. In Poland, InPost recorded strong volume growth. APM volumes grew by 114% and to-door volumes were up by 44% resulting in 97% volume growth in the country. Local adjusted EBITDA margin increased by 9.4% yoy, to 45%. In International (mainly the UK), InPost...
Underlying
InPost S.A.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Wim Gille

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