Allegro has gained momentum. "We've had a great second quarter."

After two quarters, the company's operating revenues increased from PLN 5.172 billion in the previous year to over PLN 5.594 billion.

Operating profit was more than 10% higher , rising from just over PLN 929.7 million to over PLN 1.084 billion. Net profit was also higher, reaching PLN 682.73 million compared to PLN 588.74 million a year earlier.

The second quarter of the year was very successful.

Allegro's revenue growth in Poland accelerated in the second quarter, reaching 18.1%, and GMV rose to 9.8% year-on-year.

Adjusted EBITDA in Poland tripled compared to the first quarter, improving margins and reducing leverage. Allegro now has a total of 21.1 million active shoppers, up 840,000 year-on-year. Their average annual spend on Allegro increased across the region, reaching PLN 4,200 domestically.

Allegro had a great second quarter. GMV growth in Poland accelerated sequentially to 9.8% year-on-year, while in the international segment it reached a staggering 61% year-on-year, says Jon Eastick, head of finance on the company's management board.

“As expected, the March adjustments to the co-financing model accelerated revenue growth in Poland to 18.1% year-on-year, also supporting adjusted EBITDA growth, which accelerated to 14.2% year-on-year,” Eastick added.

The company is increasingly focusing on independent deliveries.

"We've made significant progress on the operational side. Thanks to Allegro Delivery, the share of deliveries managed by Allegro increased by another 4.6 percentage points to 34% of shipments in Poland. Financially, Allegro developed equally dynamically: the margin in Poland increased by 0.24 percentage points to 6.27%, and financial leverage decreased by 0.32 percentage points to 0.72x adjusted EBITDA," the company commented.

Allegro is headquartered in Luxembourg and listed on the Warsaw Stock Exchange.