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Shoper, the national leader in the market for ecommerce solutions offered in the SaaS (Software as a Service) model, recorded a 65% year-on-year increase in revenue after three quarters. Revenues Shoper have already surpassed by PLN 6.4 million (+14%) the result obtained in the entire year 2020. Adjusted EBITDA reached PLN 22.7 million, up 38% year-on-year. The GMV of direct stores on the Shoper platform increased from PLN 2.8 mldz³ to PLN 4.2 billion, recording a 50% growth rate. For the last 12 months ended Sept. 2021, GMV amounted to PLN 5.4 billion, growing by as much as 56% y/y.
Shoper, the national leader in the market for ecommerce solutions offered in the SaaS (Software as a Service) model, recorded a 65% year-on-year increase in revenue after three quarters. Revenues Shoper have already surpassed by PLN 6.4 million (+14%) the result obtained in the entire year 2020. Adjusted EBITDA reached PLN 22.7 million, up 38% year-on-year. The GMV of direct stores on the Shoper platform increased from PLN 2.8 mldz³ to PLN 4.2 billion, recording a 50% growth rate. For the last 12 months ended Sept. 2021, GMV amounted to PLN 5.4 billion, growing by as much as 56% y/y.
- The continued development of our ecommerce service offering aimed at SMEs, the fastest-growing segment in the Polish e-commerce market, allows us to achieve record financial results. Year-to-date revenues are up 65% year-on-year, which is much higher than the broad market shows, achieved despite the high base associated with the pandemic boom in online commerce in 2020. EBITDA after 9 months of 2021 is already higher by PLN 0.2 million than that recorded last year, and we are facing the most intense quarter of the year for ecommerce, i.e. Black Week and the holiday period, " comments Marcin Kuśmierz, CEO of Shoper.
The Shoper business model is characterized by a high level of scalability, which improves performance as the number of users of the platform increases. In addition to the subscription-distributed solution Shoper, many ancillary services are billed under the pay-as-you-grow model, which involves correlating Shoper 's revenue with the volume of turnover generated (GMV) by stores on the Company's platform. In the last 12 months, the GMV generated by direct stores on the Shoper platform increased to PLN 5.4 billion.
- In terms of the last 12 months, GMV Shoper has already clearly surpassed the 5 billion PLN mark, growing 56% year-on-year to a record 5.4 billion PLN. It is not only our platform and the wide range of services offered for ecommerce that is growing, but above all the stores that use our solutions. After the acquisition of Shoplo in August, both the number of our supported stores and their potential for further growth have increased even more. In the coming weeks, we plan to introduce completely new services that we are developing in the newly created business areas - Commerce Cloud and Financial Services. We are also constantly investing in the development of our teams in order to ensure the company's dynamic growth in the coming periods as well,"adds Marcin Kuśmierz.
Shoper is conducting a number of projects related to the expansion of its ecommerce offering for small and medium-sized companies. In the first half of the year, it invested in the ErpBox multi-channel (omnichannel) sales platform, enabling, among other things, sales through Polish and foreign trading platforms and integrations with accounting and ERP systems. Users of the Shoper platform also gained access to a new system of smart recommendations and financial services (buy now, pay later). In Q3, Shoper made the acquisition of Shoplo, the third player in terms of the number of operated stores on the market in the SaaS model. As a result of the acquisition, some 4,700 stores will be transferred to the Shoper platform , and the ability to take advantage of the new services, will allow them to dynamically increase their sales.
The company operates on the popular SaaS model, which involves offering a service in the form of a subscription, in the case of Shoper it is several differentiated packages in terms of content, allowing the solution to be flexibly adjusted to the size and characteristics of a given business. The SaaS market is characterized by a steady and high growth rate, which accelerated during the 2020 pandemic.
On July 9 this year, Shoper made its debut on the main market of the Warsaw Stock Exchange, the value of the public offering of shares amounted to PLN 363 million. The reference price ofShoper's shares was set at PLN 47, equal to the maximum offering price for institutional and individual investors.
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