3:30 20 September 2024
Allegro weighs investment options
Allegro’s management is evaluating how to invest its cash surplus, aligned with the board's vision, according to CFO Jonathan Eastick. He noted during a recent call that the board is reviewing capital allocation strategies as part of this year’s planning. In Q2, Allegro reduced its net debt to adjusted EBITDA ratio to 1.04x, aided by strong cash flow, giving the company more flexibility to invest in growth areas. In May, Eastick projected further deleveraging to 1x in the upcoming quarters.
Allegro, Poland’s top e-commerce platform, primarily facilitates sales for businesses. Owned by Cinven, Permira, and Mid Europa since 2016, the company went public on the WSE in October 2020 and is part of the WIG20 index.
Source: inwestycje.pl
