Source: Shoper press materials

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On August 7, 2024, Shoper published preliminary financial results for the second quarter of 2024. The company achieved record increases in each of the indicators. GMV of omnichannel(the total value of transactions generated by stores operating on the Shoper platform, including additional channels, i.e. marketplace or price comparison sites) amounted to PLN 3.5 billion, an increase of 61% over the same period last year. 

The GMV of stores (i.e. the total value of sales generated by online stores operating on the Shoper platform) also recorded an impressive result, amounting to PLN 2.6 billion, indicating a 35% increase over the second quarter of the previous year. 

- Sales increases of online stores operating on the Shoper platform are several times higher than the competition. This shows that the innovations being introduced have a real impact on the sales efficiency of both the store owners and the Company's revenue growth. - comments Piotr Biczysko, CFO of Shoper. - We are also pleased with the high profitability, expressed in adjusted EBITDA. 

The company boasted high profitability, with adjusted EBITDA reaching PLN 15.8 million, a 32% increase over the same period last year.

Shoper bets on platform development and AI 

In May this year Shoper announced the opening of a new competence center in Poznań, which will bring together artificial intelligence specialists. In June, the company announced an update to the Shoper engine called Storefront. The new engine complies with the latest global standards in e-commerce design, and the technology itself ensures speed and efficiency.

- The number of store owners on our platform using Storefront updates has exceeded 500 stores and continues to grow. The technology is revolutionary as far as the Polish market is concerned. The system was developed in cooperation with sellers and we can already see that this model of innovation is optimal. Storefront has a real impact on sales efficiency. - comments Paweł Rybak, CCO of Shoper.

Shoper's plans for international sales

In June Shoper announced a partnership with XBS Group, which will enable the Company's customers to outsource logistics. This is the first such service in Shoper's portfolio. In addition, the company boasted that it is working on the introduction of the Shoper Broker service, incorporating new logistics operators. 

This is another step toward the development of cross-border offerings. Shoper has announced new partnerships with leading international companies, responsible for logistics and payments. We also read about plans to implement foreign currency support within Shoper Payments. 

- We recognize how dynamically the market is changing and see great potential in the development of services related to foreign sales. - comments Paweł Rybak, CCO of Shoper. - Signals from our customers, Shoper's high omnichannel GMV and market data clearly show that Omnichannel is a very strong and important business segment, he adds.

A video conference with Shoper's Board of Directors to discuss the results will be held on August 7, 2024 at 10:30 a.m., access at: https://shoper-net.zoom.us/webinar/register/WN_jp4V-80SR-GENSGUSRZjaw   

About Shoper

Shoper is a leader in e-commerce solutions in Poland. The company provides the necessary infrastructure for e-commerce. In addition to software for running an online store, it also offers a range of services to support sales. These include online payments, Digital Ads, logistics services and business financing. Brands such as Gym Glamour, WK Dzik, Irving and Doppelherz, among others, operate on the Shoper platform. Shoper has been listed on the Warsaw Stock Exchange since July 2021, and has been part of the sWIG80 index since December 2021. Check out more information about the company at: www.shoper.pl