Q2 2025 Allegro.eu SA Earnings Call Transcript
Key Points
- Allegro.EU SA (FRA:AL0) reported a strong GMV growth of close to 10% in Poland, outperforming nominal retail sales growth.
- The company achieved a significant increase in active buyers, surpassing 15 million in Poland and 21 million at the group level.
- Revenue growth was robust, with an 18% year-on-year increase, driven by strong GMV and an improved take rate exceeding 13% in Poland.
- The advertising business line showed impressive growth, with over 30% increase year-over-year.
- Adjusted EBITDA increased by 14% in Poland and over 20% at the group level, leading to an upgraded revenue and EBITDA outlook for the full year 2025.
- CapEx expenses increased significantly by 67% to over PLN200 million, reflecting ongoing investments in marketplace functionality and logistics infrastructure.
- The cost of delivery rose by 23.1% year-on-year, impacting overall expenses despite efforts to manage costs through Allegro managed volumes.
- The international operations, particularly the Mall segment, continued to incur losses, although efforts are underway to reduce these.
- The company faces competitive pressure from Chinese marketplaces, impacting marketing spend and customer acquisition costs.
- There is ongoing arbitration with InPost regarding delivery network usage, which could impact future logistics strategies.
Ladies and gentlemen, thank you for standing by. I am your Jota, your Chorus call operator. Welcome, and thank you for joining Allegro Group earnings call and live webcast to present and discuss the second quarter 2025 results. (Operator Instructions)
And the conference is being recorded. The presentation will be followed by a question-and-answer session. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Tomasz Pozniak, Investor Relations Director. Mr. Pozniak, you may now proceed.
Thank you, Jota, and welcome to all participants of our call. Let me introduce the presenters of today. Marcin Kusmierz, the CEO of Allegro Group, who will provide you with the highlights of Allegro performance in Q2 and summarize the key takeaways; and Mr. Jon Eastick, our CFO, who will guide you through the financials for Q2 and update of the outlook for the full year 2025.
As usual, our results presentation is available for download from our investor web
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