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Allegro.eu S.A.Allegro e-commerce Q1 results in line with consensus, company keeps expectations unchanged for 2025
Listed e-commerce platform Allegro earned PLN 749.3 million (EUR 176.7 mln) adjusted EBITDA in the first quarter of 2025, above consensus expectations for a PLN 745.6 million (EUR 175.8 mln), the company's financial data showed. Allegro does not change its expectations for the full year 2025.
Allegro's consolidated adjusted EBITDA increased by 6.1 percent in the first quarter, the company said, driven by increasing purchases among active shoppers as well as strong GMV growth on platforms outside the country.
The number of active shoppers across the region grew by 5.4 percent to more than 21 million, and their average spend on Allegro increased by 3.7 percent year-on-year.
"Allegro now serves 21 million active customers, six million of whom live outside Poland. Not only is the number of active shoppers growing in Poland and abroad, but also their average spend on our platform, which proves that Allegro knows how to attract quality traffic and how to meet consumer expectations," Allegro's new CEO Marcin Kusmierz said, as quoted in the press release.
"My priorities for the future are clear: further improving operational efficiency, developing new products and services, as well as creating strong strategic partnerships. Above all, we want to deepen our commitment to all our customers and remain the first choice marketplace for a growing pool of consumers and sellers across the region," he added.
Allegro kept its full-year expectations unchanged. The group's adjusted EBITDA growth is expected to be between 10 and 17 percent year on year, while consolidated CAPEX is estimated at PLN 920 million-1.1 billion (EUR 216.9-259.4 mln).
GMV growth from its Polish operations is expected to be in the range of 9-11 percent this year, with revenue growth of 14-17 percent and adjusted EBITDA growth of 8-12 percent.
Allegro expects to increase GMV on foreign platforms by 40-50 per cent this year with revenues up 55-65 percent. The segment's adjusted EBITDA loss is expected in the range of PLN 350-400 million (EUR 82.5-94.3 mln).
This year's CAPEX is expected at PLN 850 million - 1 billion (EUR 200.4-235.8 mln) in Poland.
This year's consolidated GMV growth is expected at 8-11 percent, and revenues are expected to increase by 7-11 percent.
pr/ nl/