Q2 2024 Allegro.eu SA Earnings Call Transcript

Sep 19, 2024 / 09:00AM GMT
Tomasz Pozniak - Allegro.eu SA - Investor Relations Director

-- the floor is yours.

Roy Perticucci - Allegro.eu SA - President, Chief Executive Officer, Executive Director

Thanks very much, Tom. It's my great pleasure to join you again my ninth time since becoming the Chief Executive of Allegro.

We've got another set of great results for Q2 '24 and I should sort of stay upfront that we either met or exceeded our guidance on all measures and also stay within our midterm guidelines in terms of spending on various initiatives. I think overall, we've made solid progress on quite a number of our priorities. Group GMV grew by 11.1%. That's 2.2 percentage points improvement quarter-on-quarter, and that reflects steady gains in both active buyers and also in GMV per active buyer inside Poland.

That strength in GMV performance was further strengthened by improvements in the take rate. These are changes that we made earlier this year in Poland, the take rate has risen by 1.3 percentage points to 12.5%, and advertising continues to go from strength to

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