InPost beats core profit expectations in Q1 despite Yodel consolidation costs

Fedex

Fedex

FDX

0.00

May 13 (Reuters) - Parcel locker company InPost INPST.AS, target of a takeover offer by a FedEx- and Advent-led consortium, on Wednesday reported a 4% fall in its first-quarter core profit but beat market expectations, boosted by continued growth in Poland and the euro zone.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) were 902.2 million zlotys ($249.0 million) in the quarter, above a company-compiled consensus estimate of 856 million zlotys, despite being impacted by integration costs of Yodel in Britain.

($1 = 3.6231 zlotys)


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