Poland's Allegro sees Q2 profit growth slowing

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Allegro said on Thursday it expects its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to rise 13-16% year on year at home, compared with the 29.7% rise it posted in the March quarter. It also expects its gross merchandise value (GMV) growth in Poland to ease to 11-12% from 14% in the first three months of the year. "I don't think that we should be overly optimistic that consumer demand in Poland is going to recover rapidly," CEO Roy Perticucci told a conference call.