Polish marketplace Allegro logo is seen on their distribution centre in Adamow, ahead of the Christmas season, in Poland, December 11, 2024. REUTERS
GDANSK, March 12 (Reuters) – Poland’s biggest e-commerce platform Allegro said on Thursday it expected its 2026 core earnings to rise 7-10% year-on-year in its key Polish market, after its fourth-quarter result met expectations.
Allegro’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) at its Polish operations rose 8.2% on the year to 1.05 billion zlotys ($284.6 million) in the fourth quarter.
Separately, the company said its chief financial officer, Jon Eastick, had decided to resign due to personal reasons.
Eastick intends to remain in his current role until the end of April 2027 or until his successor is appointed.
If a successor is not chosen before the company’s next annual shareholders meeting, Eastick has agreed to serve another one-year term as an executive director, pending shareholder approval.
The company has launched an immediate succession process for the CFO position.
($1 = 3.6894 zlotys)
Reporting by Adrianna Ebert; Editing by Matt Scuffham
