1 Allegro has included certain alternative performance measures in this Press release that are not measures defined within the International Financial Reporting Standards. Definitions of alternative performance measures used by Allegro can be found in the Group’s annual management report, page 13, available at https://about.allegro.eu/financial-results
2022 was arguably one of the most challenging years in recent history for online retailers. It is therefore especially pleasing to say that it was also another year of growth for Allegro. Our 2022 prospects were presented on February 24 last year, the very day Russia invaded Ukraine. The tragedy continues to change the geopolitical landscape and compound inflationary pressures and trade worries, sending ripple effects through supply chains and business plans across sectors. We adjusted accordingly. Having established itself as an economic lifeline for all customers during the pandemic, Allegro now proved its status as the most convenient shopping platform to serve clients in times of inflation. We made good on all our financial expectations for 2022 and now we are moving at speed to our next goal, which is to launch our marketplace model internationally - starting in Czechia this year. At the same time, we are focusing on capital management and cost discipline across the group to fund our objectives. We want to be ready when the macro situation eventually improves, leveraging our know-how to build and scale a profitable marketplace. We are confident that the MALL client base takes us a good few years forward on this journey. We have a plan and the right set of priorities to be ‘fit to grow,’ as we say internally.”
Roy Perticucci, Allegro CEO
We aim to continue profitable GMV growth in Poland by levelling up thus far under-indexed categories, with advertising helping support margins and monetization. The focus is to move the margin in Poland back toward a 5% target. At the same time, we aim to accelerate GMV growth on the group level via international Allegro marketplace launches, starting with the MALL footprint in Czechia. Our key strategic direction is to continue optimizing costs, improving efficiency throughout the group, and significantly lowering CAPEX to further boost cashflow improvement and continue deleveraging. Having completed 2022 in line with all our expectations, we are now switching policy to providing quarterly outlooks. We considered market practices among the key global e-commerce companies and concluded that this is the more appropriate approach. Our first-quarter performance this year has been more than satisfactory with further GMV, revenue, and Adjusted EBITDA growth expected both in terms of the Polish operations as well as on the consolidated level.”
Jon Eastick, Allegro CFO
2 Lowest price on the Internet as measured by PDR - Price Defect Rate
3 Allegro as the most popular e-commerce app in Poland, by average monthly active users, cumulative downloads, and total time, data as of Q4 2022 by data.AI
4 The FT-Statista ranking of Europe’s Diversity Leaders is based on independent perception studies of more than 100,000 employees across the continent, 850 companies with the highest total scores made the final list of Diversity Leaders. The base year for Allegro's climate targets is 2021. SBTi, or the Science Based Targets initiative, is an ambitious corporate climate action of businesses to reduce their emissions in line with climate science.
Forged in Poland over 20 years ago, Allegro now operates a leading online marketplace across Central and Eastern Europe, aiming to establish itself as the go-to online shop for European consumers. Based in Luxembourg and listed on the Warsaw Stock Exchange, the platform connects millions of buyers with thousands of merchants who provide hundreds of millions of offers. Having established itself as an economic lifeline for all customers during the pandemic, the company solidified its status as the most convenient shopping platform in times of inflation. Allegro’s marketplace model rests mostly on facilitating sales of mainly new products by merchants, particularly via a business-to-customer model, giving European consumers easy access to offers spanning a variety of categories which include electronics; home and garden; sports and leisure; kids; automotive; fashion and shoes; health and beauty; books; media; collectables, and art.