• Allegro’s 1Q Adjusted Ebitda is 706.2 million zloty, a 33% year-on-year increase.
• The company’s gross merchandise value for 1Q amounted to 14.31 billion zloty, marking an 8.9% increase from the previous year.
• The revenue for the same period is at 2.48 billion zloty, which signifies a 6.6% increase year on year.
• Net income reported at 241.8 million zloty, a significant 54% increase from last year.
• The ebitda stands at 671.3 million zloty, marking a 33% increase year on year. The company’s take rate is 12.1%, compared to 11% the previous year.
• For the second quarter, Allegro forecasts the adjusted Ebitda to increase by 22% to 27%, and the revenue to increase by 11% to 14%. The Gross merchandise value is expected to increase by 9% to 10%.
• Capital expenditure is projected to be between 165 million zloty and 185 million zloty for 2Q.
• Allegro’s Polish operations showed GMV growth in the mid to high teens for April. The Q2 trading to date is showing a relative stabilisation in growth.
• For international operations, Allegro’s marketplaces continue to add active buyers and repeat purchases, with the growth rate up by more than 30% for the first half of Q2 compared to Q1. The combined growth of these operations has turned positive to low double digits YoY.
• Consolidated GMV growth in April and the first weeks of May is running in the low double digit % range.
• Analysts’ recommendations for Allegro stand at 15 buys, 6 holds, and 0 sells.
A look at Allegro.eu Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.6 |
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
Allegro.eu, a leading shopping e-commerce platform serving customers in Europe, has received a mix of Smart Scores indicating its long-term outlook. While the company shows strong momentum with a score of 5, suggesting positive market sentiment and performance, it lags behind in terms of dividend, with a score of 1. This indicates a lower dividend yield compared to its peers. In terms of value and growth, Allegro.eu scores 2, reflecting moderate performance in these areas. However, the company demonstrates resilience with a score of 3, showcasing its ability to withstand economic challenges.
In summary, Allegro.eu is positioned well in terms of market momentum, suggesting a positive outlook for the company in the long run. Its resilience factor also indicates a certain level of stability amidst uncertainties. However, areas such as dividend and growth may require further focus to enhance the overall performance and attractiveness for investors.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
