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UPDATE 2-Polish e-commerce group Allegro has strong Q4, but outlook disappoints


By Reuters Staff
(Adds shares, detail)
WARSAW, March 4 (Reuters) - Polish e-commerce platform Allegro on Thursday showed the benefits of a coronavirus-driven shift to online shopping with strong fourth-quarter profits but the company’s shares fell on disappointment over its 2021 outlook.
Allegro dominates the e-commerce market in Poland, which was boosted in the fourth quarter by COVID-19 restrictions that meant many shops had to close. But the market is about to become more competitive with Amazon launching its Polish website this week.
Konrad Grygo, analyst at Erste Group, said that after such a strong fourth quarter investors could have been hoping for more optimistic 2021 guidance. ....

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