Allegro, the operator of leading b-to-c and c-to-c marketplaces in Poland, saw revenue increase by 43.1%, while consolidated adjusted EBITDA (including results of Mall Group and WeDo, acquired in Spring) decreased by 13.6% in H1 of FY2022.

Allegro’s H1 revenue was PLN 3.6 billion ($777 million U.S.), up from PLN 2.5 billion in the same period last year. Consolidated adjusted EBITDA was PLN 947 million ($204 million U.S.), down from PLN 1 billion in H1 of FY2021.

In Q2 of FY2022, Allegro saw revenue of PLN 2.2 billion ($475 million U.S.) — up 69% from PLN 1.3 billion in Q2 2021. Its consolidated adjusted EBITDA increased 13.5% to PLN 484.2 million ($106 million U.S.) from PLN 427 million in the same period a year earlier.

In H1 of FY2022, gross merchandise value (GMV) on Allegro’s platform was 22.9 billion Polish zlotys ($4.9 billion U.S.), an 14.5% year-on-year increase.

Allegro anticipates that in 2022 its GMV will rise between 15-20%, while revenue and adjusted EBITDA (excluding results of Mall Group and WeDo) will grow by 25-30% and 10-15%, respectively.

Allegro is currently owned by private equity firms Cinven, Permira and Mid Europe, which bought the site from Naspers in October 2016.

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