Investing.com -- Shares of InPost (WA:INPT) climbed over 3% on Tuesday after the company reported a 20% year-on-year rise in parcel volumes for the fourth quarter of 2024.
The increase marks an uptick in activity as the company continues to expand its reach in Poland and international markets.
The company operates a network of over 43,000 Automated Parcel Machines (APMs) and pick-up/drop-off points across its markets, which contributed to its growth in parcel volumes.
InPost has also noted increasing consumer adoption, supported by its mobile app, which now has over 13 million users in Poland and millions more in France and the UK.
The rising adoption rate aligns with trends in e-commerce growth and the convenience offered by InPost’s delivery options.
International markets remain a strong focus for InPost, with nearly 40% of its total revenues and over 60% of its out-of-home delivery points now based outside Poland.
The company has made notable strides in the UK and France, where its locker network and app services have expanded significantly in recent years.
In France, for example, the deployment of new lockers and improved logistics contributed to higher volumes and customer usage.
The 20% volume growth in Q4 follows a trend of quarterly increases reported throughout 2024.
The company has attributed its growth to its scalable business model, operational efficiency, and focus on customer convenience.