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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

☆ Portugal's new housing law threatens its tourism industry, say hostel owners
▼ + stars: | 2023-08-14 | by ( Julia Buckley | ) edition.cnn.com time to read: +14 min

The law – proposed and approved by Portugal’s ruling PS party – seeks to address the housing crisis in Portugal. The new law’s resolutions could potentially have far-reaching effects on those running alojamento local (AL) properties – including Portugal’s world-renowned hostels. AL properties outside of low-density areas will also see their current property taxes increase, and be subject to a new tax starting at 15%, known as CEAL. The new legislation threatens the future of all hostels in Portugal, says Miguel Santos, board member at the Associação Hostels de Portugal (AHdP) and owner of a Lisbon hostel. Pedro Nunes/ReutersOne hostel owner fearing for the future is Benedita Vasconcellos, who owns Lisbon’s Goodmorning Solo Traveller Hostel, voted Portugal’s best hostel in 2020.

Persons: Mais Habitação, –, “, hospedagem, ”, Eduardo Miranda, Valerio Berdini, Miguel Santos, ” Santos, AHdP, Richard Cummins, Kash Bhattacharya, ” Bhattacharya, Pedro Nunes, Vasconcellos, I’m, ” Vasconcellos, won’t, Filipa Aguiar, we’ll, Marco Bottigelli, Airbnb, ALEP’s Eduardo Miranda, Miranda, ” “ We’re, ALEP, Miguel Torres Marques, Marina Gonçalves Organizations: CNN, de, Alamy, Portugal, Artists, Reuters, Getty Locations: Portugal, Lisbon, Western Europe, Porto, Spain, Ericeira, ” Lisbon

☆ Polish e-commerce firm Allegro eyes higher Q1 profit
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

March 30 (Reuters) - Poland's biggest e-commerce platform Allegro (ALEP.WA) expects its core earnings will rise in the first quarter, it said Thursday, as it focuses on cutting costs amid economic uncertainty. Allegro forecast its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) will increase 20-23% in its key Polish market. Allegro is keeping costs down as it integrates the Mall business it bought last year and adapts to consumers spending less. The company's core earnings jumped 41.2% to 708 million zlotys ($163.70 million) in the fourth quarter in Poland, topping average analysts' expectations of 692 million zlotys in a company-compiled consensus. ($1 = 4.3250 zlotys)Reporting by Anna Pruchnicka; Editing by Matt ScuffhamOur Standards: The Thomson Reuters Trust Principles.

☆ Allegro.eu's Polish unit fined $48 mln for violation of competition rules
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

GDANSK, Dec 29 (Reuters) - Poland's anti-monopoly office on Thursday fined the Polish unit of Luxembourg-based e-commerce group Allegro.eu (ALEP.WA) just over 210 million zlotys ($48 million), saying it had broken competition rules and violated its own terms and conditions. UOKiK also fined Allegro nearly 4 million zlotys on Thursday for terms violations. The company also said that 99% of sales on Allegro.pl were carried out by independent sellers and the remaining 1% through its own store. According to the investigation carried out by the watchdog, Allegro started favouring its own retail sales operations in May 2015. Shares in Allegro.eu retreated sharply from the day's highs following the news before climbing back to close up 2.5%.

☆ Poland's Allegro posts higher profit on return to growth at home
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Q3 core profit beats expectationsPolish core profit returns to growthMakes progress with Mall turnaroundFocuses on cost managementNov 30 (Reuters) - Poland's biggest e-commerce platform Allegro (ALEP.WA) reported a rise in third-quarter core profit on Wednesday, driven by recovery in its home market and smaller losses at Mall, the Czech online retailer it acquired earlier this year. In the company's home market, better delivery cost management and an increase in high-margin ad revenue powered a recovery in core profit. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 13.9% to 537.3 million zlotys ($119.16 million), beating expectations of 496 million zlotys in a company-compiled consensus. Through this 'fit to grow project' we are looking for ways to make sure we balance the margins with the growth," Eastick said, but declined to give a specific guidance. Allegro said it was making progress with turnaround at Mall business, with core profit loss slowing down to 50 million zlotys compared with 62 million in the second quarter.

☆ 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.

☆ Siria, acuzată că a folosit arme chimice într-un atac din 2018 asupra rebelilor
▼ + stars: | 2021-04-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Forțele aeriene siriene au folosit clor într-un atac asupra oraşului Saraqeb din 2018, arată un raport al Organizației pentru Interzicerea Armelor Chimice (OAIC) după finalizarea unei anchete. Echipa de anchetatori OAIC „a ajuns la concluzia că unităţi ale Forţelor aeriene siriene au utilizat arme chimice pe 4 februarie 2018 la Saraqeb", un oraş aflat la 50 km sud de Alep, a precizat organizaţia într-un comunicat, potrivit Agerpres. Însărcinată să-i identifice pe autorii atacurilor chimice, echipa de anchetă a OIAC, cu sediul la Haga, a stabilit „că există motive rezonabile de a crede” că un elicopter al Forţelor armate siriene „a lovit estul Saraqeb cu cel puţin un cilindru”. Persoanele rănite au prezentat simptome de otrăvire chimică, inclusiv greață, iritație a ochilor, dificultăți de respirație, tuse și respirație șuierătoare, scrie Reuters. Guvernul sirian neagă orice implicare în atacuri chimice, afirmând că a trecut toate stocurile sale de arme chimice sub supervizare internaţională în termenii unui acord încheiat în 2013.

Persons: Însărcinată, Reuters Organizations: siriene, Agerpres Locations: Saraqeb, Alep, Haga, Siriei, Moscova

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