E-commerce bulls have been shown a red flag in Poland. InPost , which operates lockers used by people receiving parcels ordered online, on Wednesday lowered its sales forecast because e-commerce isn’t expanding as much as it anticipated. The company now expects revenue this year, including newly acquired French business Mondial Relay, of 5.6 billion zlotys to 5.8 billion zlotys, down from previous guidance of 5.9 billion zlotys to 6.2 billion zlotys.
a near-20% jump in the value of goods sold on its platform. InPost is still expecting full-year revenue to grow by at least 37%, before acquisitions.
The company’s shares, which have repeatedly traded below this year’s 16 euros initial public offering price , fell 13% to 12.7 euros on Wednesday morning. Including debt, it’s now valued at around 5.7 times this year’s reduced revenue forecast. Investors may ask Chief Executive Rafał Brzoska for a better explanation. Housing boom pops Aussie lender’s bubbly multiple
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