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InPost narrowly beats second-quarter forecasts but cuts guidance

InPost narrowly beats second-quarter forecasts but cuts guidance

- Parcel locker company InPost INPST.AS narrowly beat market expectations for second-quarter core earnings on Monday, but cut its annual guidance for the metric from flat to a mid-single-digit percent decline.

The Polish firm, target of a takeover offer by a consortium led by FedEx FDX.N and Advent International, said its adjusted earnings before interest, taxes, depreciation and amortisation were 1.04 billion zlotys ($277.6 million) in the quarter, while analysts polled by the company had expected 1.01 billion zlotys on average.

($1 = 3.7469 zlotys)


(Reporting by Mateusz Rabiega in Gdansk, editing by Milla Nissi-Prussak)

((mateusz.rabiega@thomsonreuters.com))

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