(Reuters) – Poland’s biggest e-commerce platform Allegro expects its earnings to rise 8%-12% in its home market this year, it said on Thursday, and proposed a share buyback of around 1.4 billion zlotys ($364 million).
Allegro reported fourth-quarter core profit of 975.2 million zlotys in the Polish market, beating analysts’ consensus estimate of 960 million zlotys in a company-compiled poll.
“Customers’ purchases with us grew more than three times faster than Poland’s retail sales as a whole,” CEO Roy Perticucci said in a statement.
Allegro sees group adjusted core earnings (EBITDA) rising 10-17% in 2025 after reporting a better than expected 5.2% increase last year to 790.9 million zlotys, helped by narrower losses in its international operations and better margins in Poland.
The outlook “spells upside to our and consensus expectations” both in Poland and in Allegro’s international operations, JPMorgan analysts wrote in a note.
The company, which has also rolled out its marketplaces in the Czech Republic, Slovakia and Hungary within the last 18 months, said it would pause further launches abroad as it builds shopping frequency.
It added that it plans to expand its own parcel locker network by 2,500 units this year after adding more than 1,000 in 2024. It said that its own lockers will likely be cheaper than its most expensive supplier at the EBITDA level by year-end.
The share buyback will be put to a vote at its June shareholder meeting, it said.
($1 = 3.8467 zlotys)
(Reporting by Anna Pruchnicka Editing by Rachna Uppal and Mark Potter)
