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Dado Ruvic - 1 Roy Perticucci - 1 Perticucci - 1 Gross - 1 Anna Pruchnicka - 1 Kim Coghill - 1 Varun - 1
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☆ Poland's Allegro sees higher holiday-quarter earnings after Q3 core profit beat
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 16 (Reuters) - Poland's biggest e-commerce platform Allegro (ALEP.WA) said on Thursday it expects earnings to rise 20%-23% year-on-year at home in the crucial holiday quarter, after its third-quarter core profit topped expectations. Allegro's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 32.4% to 778 million zlotys ($191.7 million) in the Polish market, compared to 760 million zlotys expected in a company-compiled consensus. Gross merchandise value (GMV), an industry metric used to measure transaction volumes, rose in Poland by 10.5% to 13.3 billion zlotys in the reporting quarter. The number of active buyers in Poland grew for a sixth consecutive quarter to 14.5 million, it added. ($1 = 4.0587 zlotys)Reporting by Anna Pruchnicka; Editing by Kim Coghill and Varun H KOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Roy Perticucci, Perticucci, Gross, Anna Pruchnicka, Kim Coghill, Varun Organizations: REUTERS, Thomson Locations: Slovakia, Hungary, Slovenia, Croatia, Czech Republic, Poland
☆ Allegro third-quarter profit rises as Polish business returns to growth
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +2 min
Nov 30 (Reuters) - Poland's biggest e-commerce platform Allegro (ALEP.WA) reported a rise in third-quarter core profit on Wednesday, driven by a recovery in the company's key home market, as it managed delivery costs and saw gross merchandise value rise. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 13.9% to 537.3 million zlotys ($119.16 million) beating average analysts' expectations of 496 million zlotys in a company-compiled consensus. Gross merchandise value (GMV), an industry metric to measure transaction volumes, jumped 21% in Poland to 12.01 billion zlotys, Allegro added. At home, Allegro's adjusted EBITDA showed year-on-year growth of 24.6% to 587.6 million zlotys, after falling 1.5% in the second quarter as the company introduced monetisation initiatives to manage delivery costs. ($1 = 4.5091 zlotys)Reporting by Anna Pruchnicka; Editing by Kim Coghill and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
☆ Polish e-commerce leader Allegro trims forecast over price fears
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +1 min
Sept 29 (Reuters) - Poland's biggest e-commerce company Allegro (ALEP.WA) trimmed its full-year guidance for its core Polish market on Thursday for the second time this year, as it anticipates high inflation could lower demand. Allegro expects year-on-year revenue growth of 23%-26% compared to 25%-30% previously, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to rise by between 10%-12% versus a previous range of 10% and 15%. Allegro said the worsening outlook for economic growth, sustained inflation and concerns over energy security raised the risk of reduced consumer demand during the peak Christmas trading period. Allegro's second-quarter revenue and adjusted EBITDA was in line with preliminary results announced last month at 2.21 billion zlotys ($445.03 million) and 484.1 million zlotys, respectively. ($1 = 4.9660 zlotys)Register now for FREE unlimited access to Reuters.com RegisterReporting by Anna Pruchnicka; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
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