Ozon breaks even for the first time, shares rise 10%

For the first half of the year, Ozon’s revenue grew by 73%, to 122 billion rubles, according to the results of the second quarter – by 58% year-on-year, to 58.5 billion rubles. In the second quarter, adjusted EBITDA amounted to RUB 0.2 billion. against -9.1 billion rubles. in the same period in 2021. Thus, Ozon broke even for the first time. Against the backdrop of the publication of the financial statements of Ozon shares on Mosbirzhe grew by more than 10%.

“In the second quarter, Ozon reached operating break-even, driven by economies of scale from the 2021 investment, on the other hand, by improving the efficiency of operational processes, which we have been hard at work since the beginning of this year. This is confirmed by the fact that we have reduced operating costs to turnover by a third year-on-year,” the company’s press service quotes CFO Igor Gerasimov (quote from TASS).

The company’s turnover increased by 113%, amounting to 348 billion rubles. The loss for the first half of the year amounted to 7.2 billion rubles, which is two times less than in the same period last year.

By 16:38 Moscow time, the cost of the company’s receipt increased by 13.11%, to 1,588 rubles. By 16:40 Moscow time, growth slowed down to 11.25%, amounting to 1,562 rubles. for paper.

More information about the company’s activities – in the material “Kommersant” “Ozon showed up”.

Olesya Pavlenko