Earnings release
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Press Release ● ● ● allegro Record financial results of Allegro.eu in Q4 2020 , clearly above the Group's earlier expectations 4 March 2021 Gross merchandise value ( GMV ) on the platform of the Allegro.eu Group in Q4 2020 was PLN 10.85 billion ( + 57.5 % y / y ) . Net revenue in Q4 2020 was PLN 1.3 billion ( + 61.2 % y / y ) . Adjusted EBITDA , i.e. the operating result before depreciation and amortization , without non - recurring items , was PLN 533.5 million ( + 38.8 % y / y ) , higher than the expectations published in the prospectus and updated after the 3rd quarter . Net profit for Q4 2020 was PLN 260.6 million ( + 110.2 % y / y ) . Allegro anticipates that in 2021 GMV will grow by a percentage in the high teens , net revenue by the high 20s , and adjusted EBITDA by the mid - teens y / y . This year's capital expenditures are projected to be PLN 560–600 million , as compared to PLN 230 million in 2020 . In 2020 employment rose by nearly 700 , and at the end of December stood at over 3,150 . In the current year the group plans to recruit nearly 1,500 more people . " The fourth quarter is traditionally the most important period in the retail sector , " said François Nuyts , CEO of Allegro . " During this period we attracted about 400,000 new customers to our platform . This brought the number of active buyers to 13 million , and each of them spent last year on Allegro.pl an average of almost PLN 2,700 , 36 % more than the previous year . Sellers gain accordingly , and in the 4th quarter they grew their sales by 57.5 % , to PLN 10.85 billion . At the same time , in the last months of the year we all once again strongly experienced the economic and social impact of COVID - 19 , including re - closing of some brick - and - mortar stores . Thus the Allegro team makes efforts to ensure that shopping on our platform is safe and convenient . This is appreciated by Poles , who are more and more willing to do their daily shopping online and increasingly do so on Allegro , where they have access to a wide range of products at attractive prices , as well as fast , free deliveries in the SMART ! program . " The CEO added : " We are very pleased by the growing number of buyers using the SMART ! program . A larger and larger group of consumers can also take advantage of Allegro Pay , enabling them to pay for their purchases up to three months later without incurring additional costs . We are also investing in assuring that purchased products reach buyers as conveniently and as quickly as possible . The share of same - day deliveries has grown , and remained stable at the peak of holiday shopping . Meanwhile , we continually support over 128,000 sellers , most of them Polish SMEs , in expanding their business , offering them highly competitive sales support services . We are also expanding the Allegro team - last year the employment rose by nearly 700 , and this year we plan to recruit nearly 1,500 more , almost half of them engineers . " In Q4 2020 the gross merchandise value ( GMV ) on the group's platform was PLN 10.85 billion , which signifies a 57.5 % increase y / y , and for full year 2020 was PLN 35.11 billion , up 54.0 % from 2019. The number of active buyers as of the end of 2020 was 13 million , 14.2 % more than a year before . The average value of purchased products per user over the past year was PLN 2,700 , an increase of 36.0 % y / y .