# InPost sees stronger 2022 but warns of slowing demand
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-11-09
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: InPost's Full-Year Expectations Surpass Forecast Amid
Meta Description: InPost predicts higher than expected earnings for the year, despite possible fourth-quarter challenges. Stay updated with InPost's latest updates.
URL: https://financedigest.com/inpost-sees-stronger-2022-but-warns-of-slowing-demandhtml

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(Reuters) – Poland’s InPost on Wednesday said its full-year expectations were higher than previously anticipated thanks to strong volumes, even as it warned of slowing demand toward the end of the year.

The company, which operates a network of automated parcel machines (APMs) where customers collect their own packages, said it saw lower volumes in October and early November, which would likely impact its fourth quarter.

Inflation in Poland was 17.9% in October driven largely by soaring energy prices, preliminary data showed.

Chief Executive Rafał Brzoska added the [firm’s contractual pricing adjustments for large customers such as Allegro](https://www.financedigest.com/polish-e-commerce-firm-allegro-eyes-higher-q1-profit.html "Polish e-commerce firm Allegro eyes higher Q1 profit"), which began in November, bode well for its margin outlook, a process that will roll into the first quarter of next year.

The company had previously warned it expected erosion of its margins in the second and [third quarters](https://www.financedigest.com/greek-residential-property-price-recovery-picks-up-in-third-quarter.html "Greek residential property price recovery picks up in third quarter") of 2022, with a bounce-back seen in the last quarter of the year.

Its third-quarter adjusted earnings before interest, tax, depreciation and amortization (EBITDA) margin dropped to 27.0%, from 32.1% a year earlier.

The company delivered 178.8 million parcels in the [third quarter](https://www.financedigest.com/polands-bank-millennium-third-quarter-results-hit-by-payment-holidays.html "Poland’s Bank Millennium third-quarter results hit by payment holidays"), up 32% year on year.

In its key Poland market, the number of its APMs [reached 19,254 at the end](https://www.financedigest.com/td-other-banks-reach-1-35-billion-settlements-to-end-stanford-litigation.html "TD, other banks reach .35 billion settlements to end Stanford litigation") of the third quarter, up 17% compared with the end of 2021.

(Reporting by Olivier Sorgho; Editing by Lisa Shumaker)


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