US EditionE-Commerce Company Allegro Goes Local to Stand Out From Asian Competitors
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E-commerce company Allegro goes local to stand out from Asian competitors
GDANSK :E-commerce platform Allegro is doubling down on its local offering in a bid to differentiate itself from Asian competitors like Temu, its finance chief said on Thursday. Allegro, which aside from its home market Poland runs third-party marketplaces in the Czech Republic, Slovakia and Hungary, has in recent months removed offers with long shipping times, mostly from East Asia, from its international platforms, it said in an earnings state…
In the first quarter, the trading group increased revenue and profit. It maintains its full-year forecast for 2025.
Allegro's first-quarter results were in line with expectations. Full-year forecasts are unthreatened thanks to progress on strategic projects.
Following the publication of its Q1 results, Allegro maintained its full-year expectations unchanged, the company said. In Poland, GMV growth (i.e. total gross value of goods sold on Allegro) is expected in the range of 9-11% this year, with revenue growth of 14-17% and adjusted EBITDA of 8-12%.
The Polish stock exchange was dominated by declines from the very beginning of Wednesday's session. The day on the floor ended with a sell-off of almost all blue chips. Medium and small companies did better, but their indices also failed to stay afloat.
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