On September 5, Shoper, a company included in the sWIG80 index on the Warsaw Stock Exchange, published its financial results for the second quarter and first half of 2024. In the second quarter of 2024 , revenues of Shoper reached PLN 46.1 million, up 27% year-on-year. 

Customers using the Shoper platform were also successful. In the second quarter, the value of online store sales at Shoper amounted to PLN 2.6 billion (GMV Stores), and augmented by other sales channels amounted to nearly PLN 3.5 billion (GMV Omnichannel). Both indicators improved by 35% and 61%, respectively, compared to the second quarter of 2023.

- The double-digit revenue growth in the second quarter of this year confirms Shoper 's strong market position and the effectiveness of its strategy to develop its technology and offerings. We are pleased to see how our activities consistently bring positive results and surprise the market and analysts.- comments Piotr Biczysko, CFO of Shoper - We are also pleased to see that our clients' GMV Omnichannel growth rate is more than five times higher than the market. This shows that Shoper online stores are driving Polish e-commerce. - he adds. 

Shoper with a successful start to the third quarter

The company also published indicators showing the sales effectiveness of its clients for July and August 2024. During this period, online stores operating on the Shoper platform generated record high growth - the GMV Stores indicator for the two months increased by 30% year-on-year, and augmented by additional sales channels (GMV Omnichannel) recorded an increase of as much as 60% compared to the same period last year.

- Vendors using the Shoper platform are not slowing down, and their sales effectiveness is steadily increasing. The results from the first two months of the third quarter fill us with optimism and are a good forecast for the next months of the year," adds Piotr Biczysko. 

Cross-border development and new partnerships

Shoper is the most popular provider of e-commerce solutions in the SaaS model in Poland. The company provides the necessary infrastructure for e-commerce and a range of sales support services, i.e. Omnichannel, online payments, Digital Ads, logistics services and business financing.  

The company last six months established partnerships with companies such as XBS Group, PayPro (Przelewy24), Ebury, NestBank and Santander. The company also opened a new competence center focused on AI development and online marketing. 

Company representatives informed that the strategy of Shoper assumes further dynamic development of the offer enabling Polish online stores to sell products abroad , i.e. the development of the Shoper Broker offer and support for multi-currency payments.

- Our strategy is delivering the expected results, as evidenced by the growing GMV of our clients. We are constantly looking for effective solutions and forging global partnerships to give vendors using Shoper a competitive advantage. - says Pawel Rybak, CCO of Shoper - We continue to develop the Shoper ecosystem in areas such as Digital Ads, payments, logistics and Omnichannel, with a special focus on supporting Customers in expanding into foreign markets.

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A detailed presentation summarizing the Company's results and financial report are available at: https://investors.shoper.pl/.  

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