Allegro posts Q2 prelim. adjusted EBITDA at PLN 551.3 mln

Allegro Group reported preliminary adjusted EBITDA in the second quarter of PLN 551.3 million, a decline of 1.5% compared to a year ago, the company said. The total gross value (GMV) of goods sold on Allegro amounted to PLN 12.11 billion, showing an increase of 16%. Sales amounted to PLN 1.6 billion, growing by 22.3% compared to the second quarter of last year.

The data does not include Mall Group and WE | DO, which in Q2 2022 had PLN 67.1 million of adjusted EBITDA loss, PLN 610.7 million of revenue, and PLN 787.9 million of GMV, Allegro said.

"Mall as a stand-alone business experienced weaker consumer demand YoY in Q2, which impacted both GMV and margins, the company said. "Management notes that Mall's margins historically improve in the second half of the year due to seasonal effects," it added.