Integer withdraws from several parcel locker markets

WSE-listed postal operator Integer has announced that it will withdraw from its parcel locker operations in Malaysia and Ukraine. Furthermore it will close its operations in Spain, Norway and Brazil. “The cost of terminating activity in those countries will cost about PLN 5.5-6 million,” the company said in a market filing. The parcel lockers from Malaysia and Ukraine will be transported back to Poland. The reason given for such decision was the insufficient perspectives to grow the business there without spending a significant amount of money to expand the local parcel locker networks.