- Allegro revised its full-year gross merchandise value (GMV) growth forecast to 8%-9%, down from the previous prediction of 9%-10%.
- Capital expenditure is expected to remain between 950 million and 1.10 billion zloty.
- The company anticipates adjusted EBITDA to increase by 13%-17%.
- Revenue growth forecast remains at 8%-11% for the full year.
- For the first nine months, Allegro reported revenue of 8.54 billion zloty, a 9.5% increase year-over-year.
- Net income for the nine-month period was 1.08 billion zloty, representing a 38% year-over-year increase.
- EBITDA rose to 2.40 billion zloty, a 16% increase compared to the previous year.
- Allegro’s take rate improved to 12.7% from 12.3% year-over-year.
- Adjusted EBITDA for the first nine months reached 2.58 billion zloty, a 17% increase year-over-year.
- The GMV from Polish operations was 47.55 billion zloty, while international operations contributed 2.12 billion zloty.
- In the third quarter, GMV totaled 16.97 billion zloty, growing by 9.8% year-over-year.
- Third-quarter revenue was 2.94 billion zloty, a 12% year-over-year increase.
- Net income in Q3 was 396.2 million zloty, more than double the previous year’s 193.1 million zloty and beating estimates.
- EBITDA for Q3 was 843.1 million zloty, marking a 25% increase year-over-year.
- The company’s take rate in Q3 rose to 12.8% from 12.4% the previous year.
- Adjusted EBITDA in Q3 was 910.9 million zloty, a 24% increase year-over-year, surpassing estimates.
- GMV from Polish operations in Q3 was 16.23 billion zloty, a 10% year-over-year growth.
- International operations reported a 3.4% decrease in GMV during Q3.
- Allegro managed delivery share rose to 36% in Q3, aiding in controlling delivery costs and supporting margins in Poland.
- The company remains committed to achieving full-year revenue and profitability within its forecasted ranges, despite experiencing softer trading patterns.
- Analysts’ ratings include 16 buys, 6 holds, and 0 sells for Allegro.
A look at Allegro.eu Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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, the e-commerce platform, has received Smart Scores in multiple areas indicating its long-term outlook. With a high Growth score of 5, the company shows strong potential for expansion and development. Additionally, Allegro.eu demonstrates resilience with a score of 4, suggesting its ability to withstand challenging market conditions. The momentum score of 4 further highlights the company’s positive trajectory.
Despite scoring lower in Value and Dividend categories with scores of 2 and 1 respectively, Allegro.eu‘s strong performance in growth, resilience, and momentum bodes well for its future outlook. As it continues to operate as a prominent e-commerce platform offering a wide range of products to customers across Europe, Allegro.eu positions itself for continued success in the evolving digital marketplace.
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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