Current report No. 21/2024

Title: Allegro Sp. z o.o. signed an agreement with DHL Parcel Polska Sp. z o.o.

Legal basis: Article 17 of MAR - inside information

The Board of Directors of Allegro.eu SA (the "Company”) hereby informs that Allegro Sp. o.o., a wholly owned indirect subsidiary of the Company, signed an agreement on 28 November 2024 (the “Agreement”) with DHL Parcel Polska Sp. z o.o. (the “DHL”), which offers the delivery service to the DHL network. 

As part of the ongoing cooperation between Allegro and DHL, in operation since 2022, the Parties signed the latest Agreement referring to (i) deliveries to DHL’s out-of-home network of automated parcel machines (“APMs”) and pick-up drop-off points (“PUDOs”), (ii) deliveries to address by DHL and (iii) deliveries to Allegro’s out-of-home network of One Box and One Point.

DHL’s fees set out in the Agreement will remain fixed until the end of 2025 and then adjusted by the formula outlined in the Agreement every 12 consecutive months. The formula at hand is based on the changes in macroeconomic factors, namely the inflation rate, average wage, and diesel prices. The technical conditions of deliveries to Allegro’s One network are to be agreed between the Parties separately.

The Agreement is concluded for a definite term until the end of September 2029 with a 9-month termination period, whereas termination is not possible earlier than 24 months from the date of signing the contract. From 2027 onward, the contract envisages rebates, surcharges and earlier termination in the event of quality underperformance. In turn, DHL shall maintain certain capacity and service levels for the term of the Agreement and further APMs and PUDOs network development in Poland to enable service delivery considering the forecasted volumes.

Furthermore, both Parties committed to further their cooperation in developing new services and identifying operational synergies. The parties also agreed to provide mutual marketing services throughout the Agreement, including placing the Allegro brand on DHL lockers.

The Agreement is part of the Company's ongoing efforts to scale and diversify Allegro Delivery service through expanding cooperation with its logistics partners as well as increasing utilization of the Company's own APM network.

Allegro.eu is a Luxembourg public limited company (société anonyme), registered office: 1, rue Hildegard von Bingen, L-1282 Luxembourg, Grand Duchy of Luxembourg,
Luxembourg Business Register: B214830