Polish giants reshuffle: Allegro forecasts growth, Grupa Azoty fights for profitability

Allegro forecasts a 7-10% growth in adjusted EBITDA profit on the Polish market in 2026, announced simultaneously with the news of its CFO's resignation. Jon Eastick, who served as CFO, decided to step down, coinciding with the publication of optimistic forecasts regarding accelerated growth and a stronger push by the platform into the services market. The company assumes domestic financial results will grow at a rate close to the upper limit of the forecasted range, despite changes in top management. Investors are analyzing this news in the context of Allegro's further expansion into foreign markets, including the Czech Republic, Slovakia, and Hungary. Allegro is the largest e-commerce platform originating from Europe in terms of visitor numbers according to 2023 data. The company, headquartered in Poznań, manages a holding operating in several Central and Eastern European countries. Jon Eastick served as CFO during a period of intense group development following its stock market debut.

„Allegro expects domestic earnings to rise 7-10% in 2026” — Jon Eastick via Reuters

Simultaneously, Grupa Azoty is undergoing deep structural changes, where the new CEO announced the building of a new Grupa Azoty and intensive work on securing additional revenue streams. The management of the chemical giant admits that the company's current difficult financial situation is largely determined by decisions made several years ago, which now require radical corrective actions. The new head of the concern points to the need to account for past mistakes while planning new investments intended to restore profitability to Poland's largest fertilizer producer. Grupa Azoty faces the challenge of making two key strategic decisions that will determine its future in light of unstable market conditions.

Stabilization, however, is occurring in key subsidiaries, exemplified by the situation at Grupa Azoty Police. The management of this unit is stable after a series of recent personnel changes, and Małgorzata Królak has become the new authorized signatory for the company. This decision is meant to end a period of personnel uncertainty in Police, although industry media describe the pace of changes at this company as a 'personnel carousel.' The authorized signatory is a person intended to support the restructuring process and current operational management at the chemical plants.

7-10 (percent) — forecasted growth of Allegro's adjusted EBITDA profit

Changes in Polish giants (March 2026): March 12 — Reshuffle at Allegro; March 12 — New authorized signatory in Police; March 13 — Grupa Azoty strategy