(Reuters) -Allegro, Poland's biggest e-commerce platform, on Thursday reported a 4.8% rise in its domestic first-quarter earnings and confirmed its full-year outlook.
Allegro's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 859.4 million zlotys ($229.6 million) in its home market, while analysts polled by the company had expected 875 million zlotys on average.
The company maintained its full-year outlook, including an 8–12% rise in adjusted EBITDA in Poland. Gross merchandise value (GMV), an industry metric used to measure transaction volumes, rose 8.9% year-on-year to 14.78 billion zlotys, in line with the market estimate of 14.81 billion.
Allegro, which also launched its third-party marketplace platforms in the Czech Republic, Slovakia and Hungary, said it had 21 million active buyers across the group, up 5.4% from a year earlier, including nearly six million outside of Poland.
The company said GMV in its international marketplaces jumped 82% in the quarter, driven by last year's launches in Slovakia and Hungary and supported by a more than 30% year-on-year increase in shopping frequency.
($1 = 3.7432 zlotys)
(Reporting by Anna Pruchnicka; Editing by Sonali Paul and Sherry Jacob-Phillips)
