Poczta Polska reveals new strategy, will go public?

National postal operator Poczta Polska has presented its news strategy, in line with which it plans to spend some PLN 1.5 billion for investments in logistics, the implementation of IT solutions and the development of branch network. The company will also deploy 1,000 parcel lockers. Poczta Polska expects to increase revenue from servicing parcels by 100 percent to PLN 1.5 billion in the next 5 years. Additionally, the postal operator seeks savings of PLN 1.5 billion by closing unprofitable outlets and laying off employees. The PP's board also claimed that the company will go public in 2016 by offering a minority stake. This is not the first time such statements are made with regard to its debut on the stock exchange. The first declarations of PP going public appeared in 2009 and were repeated by the Minister of Administration and Digitazation in 2012.