Outlook
The Company has also updated its near and mid-term outlook for the Company’s International segment,
adjusted for the proposed acquisition of Mondial Relay. It now expects:
• The number of APMs to increase to 2,000-3,000 in the near term and 18,000-21,000 in the mid-term,
while the number of PUDOs is expected to remain stable
• International parcel volume to grow to 455-555 million in the mid-term, supported by the rollout of
APMs across the UK, France and other targeted geographies
• International revenue to reach PLN4,800-5,900 million in the mid-term while Operating EBITDA
margin is expected to expand from the low teens in the near-term, to low-to-mid-twenties in the
mid-term driven by operational enhancements and improved increased operating leverage
• In order to support the acceleration in growth of the International segment, capital expenditure of
between 10-15% of its International revenue in the mid term
The Company’s outlook for its segments in Poland remain unchanged, as outlined in its prospectus, dated
January 20, 2021.