Allegro recorded PLN 324.4 million of consolidated net profit in Q3 2021 compared to PLN 131.7 million loss a year earlier, the company said in the report. The operating profit amounted to PLN 323.1 million, compared to PLN 167.8 million profit a year earlier.
The EBITDA result was PLN 457.1 million compared to PLN 284.7 million a year earlier, and the adjusted EBITDA was PLN 471.7 million compared to PLN 408.5 million, respectively.
Consolidated sales revenues amounted to PLN 1,233.9 million in Q3 2021 compared to PLN 928.7 million a year earlier.
“A year after our debut on the Warsaw Stock Exchange, we can see that the innovation plan presented to investors for sellers and customers is delivering good results, creating a strong foundation for our future business. This quarter we compare the non-lockdown periods in both the current and last year I am glad that also in such conditions we not only recorded good financial results, but we show significant progress in the development of our business,” commented President François Nuyts.
Gross sales value (GMV), i.e. the total of goods sold on Allegro, increased by 19.9% y / y in Q3 to PLN 9.9 billion.
“The group’s GMV amounted to PLN 9.9 billion in the third quarter of 2021 (an increase by 19.9% y / y), which resulted in almost PLN 30 billion of gross sales on the platform this year until the end of September (an increase by 23, 4% y / y) This was possible thanks to numerous improvements in the so-called Retail Basics (choice, prices, convenience – key factors affecting the quality of shopping), which increased our NPS (Net Promoter Score) among consumers to 77.4 point,” they announced.
“The year is running in line with our expectations, and GMV is increasing its growth rate to 19.9% in the third quarter from 10.6% in the second quarter. The increase is due to the fact that consumers did not quit online shopping after the lockdowns. also the result of constant improvements introduced by Allegro in terms of prices and offer, development of the Smart! program and new initiatives such as Allegro Pay,” added financial director Jon Eastick.
The number of active buyers increased by 5.6% y / y to 13.3 million and by 0.8% q / q, which means a return to quarterly increases. Increasing choice and competitive prices convinced consumers who took advantage of Allegro’s offer during the pandemic to remain.
In Q1-Q3 2021, the company had PLN 889.9 million of consolidated net profit compared to PLN 158 million profit a year earlier, with sales revenues of PLN 3,752.2 million compared to PLN 2 698.8 million a year before.
EBITDA result in Q1-Q3 this year amounted to PLN 1,532.1 million compared to PLN 1,073.3 million a year earlier, and the adjusted EBITDA – respectively: PLN 1,567.2 million versus PLN 1,216.5 million.
Allegro is the number 1 trading platform in Poland. Sales are mainly carried out by companies via the e-commerce platform Allegro.pl. The value of products sold (GMV) on the group’s platform accounted for approx. 3% of the retail market in Poland in 2019. Since October 2016, Allegro belongs to the funds of Cinven, Permira and Mid Europa. The company made its debut on the WSE in October 2020.
Source: Allegro and ISBnews
