Shares in Allegro.eu, the Polish online marketplace, rallied sharply on Friday after the company published second-quarter results that comfortably beat analyst forecasts. The stock climbed 8.4% to PLN 45.20 in Warsaw, marking its largest one-day percentage gain since early 2025. The surge added roughly €1.5bn to Allegro's market capitalisation.
The Warsaw-based firm reported net profit of €92m for the three months to 30 June, up from €68m in the same period last year. Revenue reached €610m, a 15% increase, driven by a 12% rise in gross merchandise value (GMV) in its core Polish market and accelerating growth in the Czech Republic. Allegro also raised its full-year adjusted EBITDA guidance to between €820m and €850m, up from a previous range of €780m–€810m.
Analysts at Santander Bank Polska described the results as “a clear beat on both top and bottom lines”, noting that Allegro's focus on higher-margin advertising and logistics services is improving profitability. “The raised guidance reflects confidence in sustained momentum, particularly as Polish consumer spending remains resilient,” they said in a note. The company's marketplace commission income grew 18% year-on-year, while its logistics arm, One Fulfilment, turned profitable for the first time.
For UK investors, the rally matters because Allegro is a significant holding in several European equity exchange-traded funds (ETFs) and some UK pension fund portfolios that track the MSCI Europe ex-UK index. The stock's move also lifted the broader European retail sector: rivals such as Zalando and ASOS saw gains of 1–2% in sympathy. Allegro's performance is seen as a bellwether for Central and Eastern European consumer health, a region that accounts for a growing share of UK-listed multinationals' revenues.
The company faces challenges, however. Competition from local rivals and global players such as Amazon remains intense, and Allegro's international expansion into the Czech Republic and Slovakia is still loss-making. Nonetheless, management said they expect the Czech unit to break even by the end of 2026. With consumer confidence in Poland at a three-year high, the near-term outlook appears favourable.