Poland's Allegro shares down on disappointing outlook

Allegro.eu SA

14/11/2024 08:42

** Shares of Poland's online e-commerce platform Allegro
 ALEP.WA  fell around 12%, after the company posted 
disappointing Q4 outlook
    ** The co expects Q4 EBITDA growth in Poland at 4-7%, after
it rose 13.5% to 883 million zlotys ($214.6 million) in Q3
    ** According to Erste's Krzysztof Kawa, another factor
contributing to a low outlook for the next quarter is the higher
adjusted EBITDA loss in Mall
    ** The Q3 results largely met market expectations with an
EBITDA of 883 mln zlotys ($214.63 mln), up 13.5% y/y
    ** Shares hit their lowest point since April 16 2024

 (Reporting by Tymon Miller)
 ((tymon.miller@thomsonreuters.com))