Polish parcel locker company InPost said it will launch 11 logistics hubs throughout Poland in response to growth in the courier services market.
InPost, which debuted on Euronext in Amsterdam in January, runs more than 11,000 automated parcel machines in Poland and provides courier services based on over 60 logistics centres.
The parcel business is widely used in Poland by sellers on online commerce platform Allegro.
The hubs will add more than 100,000 square meters to the company’s infrastructure, InPost also said.
“In 2020 we doubled turnover and the parcel volume we service – this year is set to be even better,” InPost Chief Executive Rafal Brzoska said in a statement.
The company’s market capitalisation is 8.4 billion euros, with shares trading at 16.8 euros each, about 5% above their IPO price.