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Polenergia SAInPost plans PLN 1.4-1.5 bln CAPEX in 2024
Amsterdam-listed parcel locker operator InPost Group plans a CAPEX of PLN 1.4-1.5 billion (EUR 322.4-345.mln) in 2024, excluding mergers and acquisitions M&A spending, the company said in a press release.
"We are planning a total CAPEX of PLN 1.4-1.5 billion, excluding M&A expenses, with more attention to foreign markets," said CEO Rafal Brzoska, quoted in the press release.
The group's capital expenditures in the three quarters of 2024 amounted to PLN 986 million (EUR 227.1 mln), representing a 40 percent year-on-year increase, of which about 70 percent was spent on the expansion of the parcel machine network, mainly in international markets. The capital expenditures-to-revenue ratio rose to 13 percent from 11 percent last year.
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