Poland’s Allegro confirms outlook after Q1 earnings at home rise 4.8%

(Reuters) -Poland’s biggest e-commerce platform Allegro on Thursday reported a 4.8% rise in its domestic first-quarter earnings and confirmed its full-year outlook.

Allegro’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) were 859.4 million zlotys ($229.6 million) in its home market, while analysts polled by the company had expected 875 million zlotys on average.

($1 = 3.7432 zlotys)

(Reporting by Anna Pruchnicka; Editing by Sonali Paul)