Oddo BHF - Allegro.eu SA (ALG) Allegro : Execution remains key, but so far Allegro is moving in the right direction

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Oddo BHF

Stefano Toffano

Allegro : Execution remains key, but so far Allegro is moving in the right direction

>Solid results - This morning Allegro reported FY23 results, with Allegro meeting or exceeding its quarterly guidance on most KPIs. Active Buyers and GMV/Active Buyer metrics continue to increase, contributing to 13.8% yoy group revenue growth (+19.7% yoy for the Polish operations). Advertising revenue in Poland showed another quarter of good growth (+37% yoy), and is expected to continue to be strongly supportive of group revenues. Overall, Q4 23 revenues were -3% b...

14/03/2024 1 EN

Underlying

Allegro.eu SA

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LU2237380790 Warsaw Stock Exchange Poland

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Stefano Toffano

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Allegro : Execution remains key, but so far Allegro is moving in the right direction

WOOD Daily: TLV RO; ADNOCDRI UH; OTKAR TI; TBCG LN; ELM AB; ISCTR TI; PL Banks; PL Utilities; AQ RO; EME Macro/Strategy Weekly; SNP RO; MBR PW; ALE PW

The Rear-View Mirror – EME markets: all geographies in the green in April

The Rear-View Mirror – EME markets: mixed market performances in March

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Arm Holdings plc : Arm remains the key vehicle to play the growing complexity of the architecture required for AI, including in smartphones

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