Poland · Delayed Price · Currency is PLN Allegro.eu Earnings Call Transcripts
Fiscal Year 2025
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Strong 2025 results with group GMV up 9% and revenue up 11% year-over-year, driven by robust Polish and international growth. 2026 guidance targets 10%-12% GMV growth, continued investment in AI and logistics, and a PLN 1.6 billion share buyback.
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Group GMV and revenue grew strongly, with Poland outperforming local retail trends and international marketplaces expanding rapidly. Adjusted EBITDA and margins reached record levels, supported by advertising, fintech, and logistics, while new AI and banking partnerships drive future growth.
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Q2 2025 saw robust GMV and revenue growth, with Poland and international segments outperforming expectations. Adjusted EBITDA rose strongly, capital investment accelerated, and guidance for full-year revenue and EBITDA was upgraded. Competition and regulatory risks remain, but market leadership is maintained.
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Q1 2025 delivered strong growth in Poland and international markets, with revenue and GMV outpacing the broader retail sector. Adjusted EBITDA growth is set to accelerate in Q2, supported by cost controls, AI-driven advertising, and delivery network expansion.
Fiscal Year 2024
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2024 saw strong GMV and revenue growth, margin expansion, and robust cash generation, with Poland leading and international markets accelerating. 2025 guidance targets double-digit growth, higher CapEx for logistics, and continued focus on buyer loyalty and operational efficiency.
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Q3 2024 delivered strong growth in Poland with GMV up 12.3% year-on-year and robust revenue and EBITDA gains, while international operations focused on transformation and cost reduction. Heavy investments in marketing and logistics are planned to defend market share amid rising competition and to drive frequency in new markets.
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Q2 2024 saw double-digit GMV and revenue growth, margin expansion, and strong cash conversion, with Poland outperforming and international operations contributing positively for the first time. Guidance for Q3 anticipates continued growth, though at a moderated pace due to prior year comparables and increased investment.