WARSAW: The state-owned national postal service in Poland released a brand new business strategy as a part of preparations for an IPO. The national postal service plan to become one of the top three parcel operators in the country by 2020.The Company stated that it wants to push its e-commerce parcels revenue up by 100% to PLN 1.5bn. The company plans to double its income from e-commerce parcels over the next five years, as it seeks a stock market float in 2016.
As well as seeking to become “partner of choice” for online retailers, Polish Post said it sees banking and financial services, as well as digital services, as key elements in a bid to stabilize revenues hit by the challenges of running the universal postal service.
Polish Post faces potential competition for its role as designated operator of the universal postal service rivals in Post have expressed interest in seeking the position but said it aims to underpin its bid with a PLN 1.5bn investment in the development of its postal infrastructure up to 2019.
By 2020, the company said it wants to become the country’s largest integrator of parcel and courier services, electronic and traditional communication, financial services and e-government services.
Plans to go public in 2016 are expected to involve a minority stake in the company being put up for investors, with the Ministry of Treasury retaining a majority stake. The firm said the IPO would provide capital necessary for the further development of the company.
