Shoper reports record profitability for first quarter of 2024 – driving growth of Polish e-commerce market

Shoper’s revenue for the three months ended 31 March 2024 soared to PLN 44.2m, up by 26% year on year. Adjusted EBITDA came in at PLN 14.9m, a marked increase of 31% on the corresponding period of the previous year. Alongside the robust revenue growth, the Company posted an improvement of its adjusted EBITDA margin to 33.8%. 

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During the first quarter of this year, sales enabled by the Shoper platform powered the growth of Poland’s e-commerce market. The combined value of transactions encompassing sales from online shops, e-commerce platforms and price comparison websites (Omnichannel GMV) reached PLN 3.1bn, marking an unprecedented year-on-year increase of 47%. The value of transactions in online shops (Shops GMV) amounted to PLN 2.5bn, a notable year-on-year increase of 29%.

During the first quarter of this year, sales enabled by the Shoper platform powered the growth of Poland’s e-commerce market. The combined value of transactions encompassing sales from online shops, e-commerce platforms and price comparison websites (Omnichannel GMV) reached PLN 3.1bn, marking an unprecedented year-on-year increase of 47%. The value of transactions in online shops (Shops GMV) amounted to PLN 2.5bn, a
notable year-on-year increase of 29%.

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Growth in omnichannel sales services and new partnerships

In the three months to 31 March 2024, Shoper focused on bolstering its omnichannel sales services, with particular emphasis on enhancing the capabilities of its Apilo platform, a cutting-edge omnichannel sales management system. The introduction of several new functionalities and solutions contributed to Apilo’s increasing popularity among Polish retailers, attracting larger wide coverage e-commerce brands and marketplace platforms. 

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“After the acquisition of Apilo in 2021, we have been steadily investing to advance its technological capabilities. The remarkable year-over-year growth in sales results recorded by our customers confirms that the investment and our strategic direction, which prioritises the enhancement of our omnichannel sales services, have been based on good judgement”.

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In the three months to 31 March 2024, Shoper focused on bolstering its omnichannel sales services, with particular emphasis on enhancing the capabilities of its Apilo platform, a cutting-edge omnichannel sales management system. The introduction of several new functionalities and solutions contributed to Apilo’s increasing popularity among Polish retailers, attracting larger wide coverage e-commerce brands and marketplace platforms.

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“The exceptional start to the year and record-breaking growth rates across all critical financial metrics testify to our ongoing efforts in delivering compelling solutions that align with our customers’ needs. Across our four core business pillars, we have not only expanded our offerings but also introduced innovative functionalities, a strategy that continues to draw an increasing number of merchants to the Shoper platform,” concludes Marcin Kuśmierz,
Shoper’s CEO.

About the Company 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, Paprocki&Brzozowski, WK Dzik, Irving and Doppelherz, among others, operate on the Shoper platform. Since July 2021, Shoper has been listed on the Warsaw Stock Exchange and has been part of the sWIG80 index since December 2021. Check out more information about the company at: shoper.pl

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