Ozon announced its entry into the Armenian market
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Ozon will enter the Kyrgyz market this month, and plans to start sales in Armenia in the fall, Sergey Goncharov, head of the marketplace business area, said at Come On Forum 2023. Broadcast The event was hosted on the event website.
“We are expanding our geography. Ozon is already present in Belarus and Kazakhstan. This month we will enter the Kyrgyz market, and in the autumn we will start a business in Armenia,” he said.
Goncharov also said that Ozon’s sales have grown tenfold since 2019, largely due to the regions.
In the press service of Ozon clarified in a TASS comment that the company plans to open a local marketplace in Armenia and build its own logistics infrastructure. At the same time, Ozon intends to attract local sellers who would sell their goods both in Armenia and in the Russian Federation.
Ozone graduated Q1 2023 with a net profit of 10.7 billion rubles, while a year ago the company suffered losses in the amount of 19.1 billion rubles over this period of time. Net profit in the first quarter is associated with the non-monetary effect of the bond restructuring, an Ozon representative told Vedomosti. The company needs to reflect the revaluation of the debt restructuring.
The company’s turnover increased by 71% compared to the first quarter of 2022 and amounted to 303 billion rubles. Merchant sales nearly doubled, up 93%. Ozon received a record adjusted EBITDA of 8 billion rubles.
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