Allegro wants to launch platforms in 5 five countries where the MALL Group was in operation

Allegro plans to launch platforms in all five countries where the MALL Group operated over the next two years and bring each of them to profitability within four years of its launch, CFO Jon Eastick announced.

“We are going to launch our platforms over the next two years in all five countries where the MALL Group has operated and bring each of them to profitability within four years of launch. We plan to allocate no more than 20% of our future EBITDA in Poland to finance this exciting expansion, including the financing of the MALL Group’s brand activities, while focusing on reducing all losses and building well-functioning sellers from them, who will make a positive contribution to the finances of the Allegro Group,” Eastick said.

The adjusted EBITDA of the MALL segment amounted to PLN 205 million last year and although this represents only 7% of the adjusted EBITDA in Poland, the pace of transformation is below the group’s expectations, the material was emphasized in the material.

Allegro is the number 1 trading platform in Poland. Sales are carried out mainly by companies via the marketplace Allegro.pl e-commerce platform. As of October 2016. Allegro is part of Cinven, Permir and Mid Europe. The company debuted on the WSE in October 2020. It is part of the WIG20 index.

Source: Allegro and ISBnews