Polish e-commerce group Allegro to pilot own parcel lockers


Polish media has speculated that Allegro plans to buy InPost, which has a network of parcel lockers where customers can collect their purchases from Allegro’s online service. — Reuters

WARSAW/GDANSK: Polish e-commerce platform Allegro is planning to pilot its own delivery lockers, its chief financial officer said on Nov 26, after reporting third-quarter results and raising its full year profit guidance.

Polish media has speculated that Allegro plans to buy InPost, which has a network of parcel lockers where customers can collect their purchases from Allegro’s online service.

“We have identified as one of our tactical developments that we want to have the competence and the capabilities to roll out our own lockers,” CFO Jon Eastick told Reuters in an interview. He said no decision had been taken on what would happen after the pilot.

He declined to comment on the InPost speculation.

Allegro, which listed in Warsaw in October, said it was targeting an increase in gross merchandise value of slightly over 50% for the full year and of more than 20% for adjusted core profit.

Shares in Allegro were down 4.5% at 1004 GMT.

mBank analyst Pawel Szpigiel said the market may have been expecting more.

“The set of results are in line with expectations and... the revised guidance suggests Q4 EBITDA growth would not be as high as so far this year,” he said.

Eastick said a government decision to close most shops in shopping centres in November to curb the coronavirus had contributed to the company raising its guidance.

“Obviously similar to the second quarter we are seeing some extra demand coming through because we are the main place that the buyers can satisfy all their demands on things other than groceries,” he said.

But with shopping centres reopening in the run-up to Christmas, Eastick said the growth rate in December would not be quite as strong.

For the third quarter, adjusted core profit, without non-recurring IPO costs, was 408.5mil zlotys (US$108.77mil or RM442.03mil), up 26.7% year-on-year. – Reuters

($1 = 3.7557 zlotys)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Tech News

Ambani’s Reliance Jio is doubling down to roll out 5G in 2021
Hong Kong anti-racism watchdog decries delivery apps customers requests for non-South Asian drivers
Local media: NetEase Beijing employee tests positive for Covid-19, staff ordered to work from home
Bernie Sanders’ mitten maker marvels over 15 minutes of fame
Russia wages online battle against TikTok and YouTube
Pakistani man killed during TikTok stunt on train track
This connected mattress automatically corrects your posture while you sleep
And now, a reading from an email according to St. Paul
Mobile services in Russia suffer outages as police disperse anti-Kremlin protesters - monitoring site
TikTok under fire in Italy after girl’s death linked to challenge

Stories You'll Enjoy