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PRESS RELEASE 19 May 2021 InPost S.A. provides Q1 2021 trading update and raises FY 2021 outlook InPost reports stronger - than - expected Q1 2021 results , plans to accelerate APM deployments in Poland in FY 2021 to support long - term growth ■ ■ ■ ■ ■ Total Revenue of PLN 793 million , increased by 93 % YOY Adjusted EBITDA of PLN 332 million ( 41.9 % margin ) , increased by 144 % YOY , with Adjusted EBITDA margin expanding by 880 basis points compared to Q1 2020 In Poland , parcel volumes increased by 97 % YOY to 97 million parcels , supported by a 46 % YOY increase in the number of APMs and a 77 % YOY increase in the number of lockers InPost out of the box Adjusted EBITDA in Poland of PLN 350 million increased by 141 % YOY ; Adjusted EBITDA margin of 44.8 % expanded by 940 basis points YOY International parcel volumes increased by 600 % YOY to 1.4 million parcels , supported by a 76 % YOY increase in the number of APMs deployed in the UK Revised FY 2021 Outlook : now expect to reach 15.5-16K APMs in Poland ( versus prior outlook of 14.5-15.5K ) . YOY APM parcel volume growth in Poland now expected to be 50-57 % ( versus prior outlook of 45-50 % ) and Adjusted EBITDA margin in Poland now expected to be 45-47 % ( versus prior outlook of 43-45 % ) Rafal Brzoska , Founder and CEO of InPost InPost had a great start to 2021. Parcel volumes almost doubled in the first quarter of the year and we continued to deliver exceptional financial results . Given our stronger - than - expected Q1 , particularly in Poland , we have increased our outlook for the full year and remain focused on capturing the significant long - term growth opportunity ahead of us and delivering on our medium - term commitments . Over the course of the quarter , we further enhanced the scale of our ecosystem and overall value proposition to consumers and merchants . For example , we accelerated the pace of APM and locker deployments in both Poland and the U.K. , and continued to launch and ramp new consumer experiences such as label - less returns . By the end of the quarter , there were more than 6.3 million active users of the " InPost Mobile " app in Poland , driving continuous user engagement and enhancing brand loyalty . In addition , we were delighted to announce the proposed acquisition of Mondial Relay , which provides multiple levers to create shareholder value . The proposed acquisition would transform our international growth strategy and is a major step to fulfil our ambition of becoming Europe's leading out - of - home automated solution for e - commerce . On a year - on - year basis , total revenue increased by 93 % and adjusted EBITDA increased by 144 % in Q1 as we continue to leverage the benefits of our operating model while investing to support our longer - term growth . In the U.K. first quarter revenues surpassed the revenues achieved in the inpost.eu InPost S.A. Société anonyme Registred office : 2-4 , rue Beck , L - 1222 Luxembourg Luxembourg Register of Commerce and Companies ( R.C.S. Luxembourg ) under number B 248669 Share capital 31 000,00 EUR OUT OF THE BOX