Allegro's Strong Value Positioning Insulates the Firm From the Worst of Ongoing Macro Pressures

Allegro is the largest online marketplace in Central and Eastern Europe, or CEE, providing high quality, affordable products to a growing regional consumer class. With 45%-50% share of the Polish e-commerce market, by our estimates, Allegro's key priorities tie to defending its commanding position in Poland, institutionalizing internal processes to drive capital-efficient growth, and expanding its third-party marketplace footprint into adjacent CEE countries.