Poland based, European parcel locker technology company InPost has said it has seen a better than expected financial results in 2022. This comes as the company warned of slowing demand towards the end of the year in the coming peak season.

In the third quarter, InPost delivered 178.8 million parcels via its parcel lockers, a 32% growth on the same quarter in 2021.

“Not only margins, but also parcel volumes and sales will be better than initially expected,” finance chief Adam Aleksandrowicz told journalists in a call, without providing a figure.

In Q3, sales grew 32.6% to US $361.81 million. It did however see lower volumes in October and earlier this month, which is likely to hit its Q4 period that encompasses the Christmas holiday peak season.

At the same time, inflation in Poland has hit 17.9% in October, which could further hit consumer spending. The company has however increased its prices for major customers like Allegro and this will improve its margins in the short term.

Answering a question on further price increases, Brzoska said “it’s hard to imagine that anyone wouldn’t consider (…) passing-on costs to some degree onto customers,”. He added InPost would do its best to minimise price hikes next year for its internet store and merchant customers.