Allegro looking at big Mall deal to enter Czech Republic

The Czech e-commerce group Mall is analyzing the possibility of going public or selling shares to another entity – according to unofficial information of the daily Hospodarske Noviny. Allegro is mentioned among those interested in buying. The largest e-commerce platform in Poland does not comment on this information.

The value of the Mall group is estimated at approx. EUR 2 billion. In addition to several e-stores, it also includes a VOD platform and a payment service. In 2020, the sales volume was to reach 11 million products (including electronic equipment). Recently, the group has been generating losses. Currently, the Mall is owned by Czech owners.

For 2021, Allegro has announced PLN 560-600 million of investments in the development of the platform and logistics. It will open a new warehouse center near Warsaw. In the opinion of analysts, Allegro must invest in the face of Amazon’s entry to the Polish market with a local sales platform, but due to the expenses it will be difficult to maintain the current profitability.

In 2020, Allegro achieved nearly PLN 4 billion in revenues, by 54 percent. more than in 2019, and the adjusted net profit (excluding one-off expenses related to the preparation of the public offering) amounted to PLN 732 million (+81% y / y). The value of products sold on the platform amounted to last year. over PLN 35 billion (+54 percent y / y).

Source

Our privacy policy
%d bloggers like this: