Revenue at Allegro, which operates b-to-c and c-to-c marketplaces in Poland, rose by 44% year-on-year (yoy) to PLN3.6 billion ($777 million U.S.) during the first half of 2022, according to its latest financial reporting.

Consolidated adjusted EBITDA stood at PLN947 million ($204 million U.S.) in H1 2022, down from PLN 1.0 billion in the year-earlier period. Gross merchandise value rose 14.5% yoy in H1 2022 to PLN22.9 billion ($4.9 billion U.S.).

Recently appointed CEO Roy Perticucci said that the company was planning to focus on expanding its expertise in selected segments, international expansion and the launch of financial services. In particular, Allegro will focus on expanding in healthcare, fashion and food. In terms of international expansion, the company intends to focus on the neighboring Czech and Slovak markets, where it acquired Mall Group and WeDo early this year. With regard to financial services, Perticucci said: “My vision is to develop fintech services in a self-financing model with positive EBITDA.”

In spite of elevated fuel costs, Allegro also wants to intensify cooperation with logistics companies to offer all of its customers free shipping.

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