- Allegro’s gross merchandise value (GMV) for the third quarter was 15.46 billion zloty, which represents a 9.9% increase year-over-year.
- Revenue reached 2.62 billion zloty, showing a growth of 7.8% compared to the previous year, though slightly below the estimate of 2.66 billion zloty.
- Net income fell by 20% year-over-year to 193.1 million zloty, significantly missing the estimate of 312.5 million zloty.
- EBITDA increased by 5.4% to 674.7 million zloty, while the adjusted EBITDA grew by 8.6% to 734.8 million zloty, exceeding the expected 719.5 million zloty.
- The take rate for the third quarter increased to 12.4% from 11.9% in the previous year.
- GMV from Polish operations rose by 11% to 14.71 billion zloty, aligning with estimates, while international operations saw a 4.3% decrease to 764.0 million zloty.
- For the first nine months, Allegro reported a 10% increase in GMV to 45.57 billion zloty, with revenue up by 9% to 7.79 billion zloty. Net income was 781.9 million zloty, a substantial 51% rise year-over-year.
- EBITDA for the nine months grew by 22% to 2.07 billion zloty, with an adjusted EBITDA of 2.20 billion zloty, up 23%.
- The take rate for the nine-month period increased to 12.3% from 11.4% the previous year.
- For the fourth quarter, Allegro forecasts adjusted EBITDA to decline by 2% to 6%, while revenue could range from a 2% decrease to a 2% increase.
- The company expects GMV growth between 8% and 10% and capital expenditure to be between 200 million zloty and 220 million zloty.
- In early fourth quarter trends, Polish operations saw a slowdown in GMV growth, while international operations experienced GMV contraction due to restructuring in the Mall Segment overshadowing growth in the Allegro International Segment.
- Overall consolidated GMV growth in the first half of the fourth quarter was showing a high single-digit increase, affected by exchange rate challenges.
- Investor sentiment includes 16 buy recommendations, 5 hold ratings, and no sell ratings on Allegro’s stock.
A look at Allegro.eu Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts evaluating Allegro.eu utilizing Smartkarma Smart Scores have given the company strong ratings in Growth and Resilience, with both factors scoring high. This suggests that Allegro.eu has robust potential for expansion and is well-equipped to weather economic challenges. While the company’s Value and Momentum scores are solid but not outstanding, indicating a good overall position in the market, its Dividend score is the lowest, pointing to lower returns for investors seeking income from dividends.
Overall, Allegro.eu, an e-commerce platform operating primarily in Europe, shows promising long-term prospects based on its impressive Growth and Resilience scores. With a diverse range of product categories and a solid customer base, Allegro.eu is positioned to capitalize on future market opportunities and navigate potential risks effectively.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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