Inpost Sa (INPOF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Gabriela Burdach and I'm the Investor Relations Director at InPost. Welcome to InPost first quarter 2025 earnings call. A quick disclaimer, today's call includes forward-looking statements that are subject to risks and it is possible that the actual results may differ materially. This call is being recorded and the recording will be available on our IR website shortly after we wrap it up today. After the slides, we will have a Q&A session. Today's presenters are Rafał Grzoska, CEO, Michael Rouse, CEO International, and Javier Van Engelen, CFO of InPost Group. I am now pleased to hand over to our CEO, Rafał, over to you. Good morning, everyone. Thank you, Gabi, and thank you all for joining us today. I'm very pleased to report a strong start to 2025 for our impulse group. Our Q1 performance reflects the strength of both our Polish operations and our international business. We are seeing robust growth across the board, highlighted by 22% year-on-year increase in revenue and an even higher increase by 29%, excluding currency effect. In Q1, we increased group-adjusted BDA by 24% and improved profitability across all segments, which Javier will describe in more detail later. Our recent acquisition of Yodel strengthens our foothold in the crucial UK market, increasing our market share there to 8% and setting the stage for further expansion. Michael will discuss progress on this new project as well. The chart you're seeing in the middle will look different next quarter, as with the inclusion of Yodel, our international business already accounts for over half of InPost's revenue. Let me now share some updates on our network development. Our momentum in APM deployment continues to accelerate. In Q125 alone, we added over 3,000 APMs, an impressive 32% ...