Ozon sales turnover increased 2.1 times in 2023 – Kommersant

At the end of 2023, sales turnover (GMV, including services) of the retailer Ozon (MOEX: OZON) exceeded 1.7 trillion rubles. This is almost 2.1 times more than the previous year, according to the company’s reporting.

“Sales revenue (GMV) increased approximately 110% year-over-year, exceeding the company’s forecast of 90-100% growth for 2023,” it said. press release about Ozon’s preliminary operating results for last year. The company explained the growth in the indicator by “a significant increase in the number of orders and growth in the average bill.”

Adjusted EBITDA for 2023 was positive. Net cash flow from operating activities exceeded RUB 80 billion. Cash and cash equivalents as of December 31, 2023 amounted to RUB 169.8 billion.

The number of retailer orders for 2023 exceeded 950 million. According to Ozon, the figure doubled year on year due to an increase in the frequency of purchases per customer and a growing customer base. The number of active buyers increased by almost a third, to 46 million people.

The area of ​​Ozon logistics facilities in Russia and the CIS countries as of the end of last year increased to 2.5 million square meters. m. The number of order pick-up points has almost tripled and exceeded 45 thousand.

As Kommersant FM found out, the Russian authorities decided to slow down the growth of the largest marketplaces. The Federation Council has developed a bill that significantly limits the owners of online platforms that occupy more than a quarter of the market in the country. The document assumes that they will not be able to open new logistics infrastructure facilities, including order delivery points, or acquire shares in any companies, regardless of their form of ownership.

Details are in the Kommersant FM article. “Marketplaces will have their shares limited”.

Laura Keffer