SwipBox installs 150,000 parcel locker compartments in 2021

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According to its annual report, parcel infrastructure company SwipBox installed 150,000 parcel locker compartments in 2021.

As a result, SwipBox’s turnover tripled from Dkr78m (US$11.7m) in 2020 to Dkr242m (US$36.3m) in 2021, with the company making earnings of Dkr88m (US$13m).

SwipBox accredits its success to its Infinity parcel locker, which runs on a battery and requires neither wi-fi nor mobile data connection. This means that the parcel locker can be installed in approximately five minutes, enabling flexible networks. With the goal of 10,000 parcel lockers delivered in 2021 attained by the beginning of December, all employees were rewarded with a sizeable end-of-year bonus. In 2022, the company plans to expand its existing networks and establish a presence in new countries.

Lars-Christian Brask, chairman of the board of directors at SwipBox, said, “We’ve sharpened our strategic focus and sold our shares in the Danish parcel locker network named Nærboks, allowing us to focus 100% on delivering parcel locker networks to our customers. The good result can be attributed to the management team and employees at SwipBox, who have consistently executed the strategy laid out.”

Jens Rom, CEO of SwipBox, said, “We are fortunate to have extremely visionary owners, whose confidence in our long-term strategy has now paid off. But it doesn’t end here – we’ve only just begun. What we have achieved has been a true team effort and that deserves rewarding.”  

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