Ozon ended the 1st quarter of 2023 with a net profit of 10.7 billion rubles
[ad_1]
Ozon ended the 1st quarter of 2023 with a net profit of RUB 10.7 billion, while a year ago the company suffered a loss of RUB 19.1 billion over this period. This follows from the unaudited financial and operating results, which published company.
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.
In the first quarter of 2022, the book value of the bonds increased due to default, which led to a rescheduling of interest payments. The revaluation brought a loss to the company, and the bonds on the balance sheet were valued at 8.6 billion rubles. below.
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.
The number of active buyers increased by a third to 37 million users compared to 28.7 million in the first quarter of 2022. The number of orders increased by 1.5 times. On average, buyers made 15 orders per year compared to 10 orders a year earlier. The total number of orders increased to 179.3 million (+93% yoy).
Marketplace revenue increased by 47%. Service revenue, including advertising revenue, amounted to RUB 53.4 billion.
The marketplace has reduced operating costs per order to 87 rubles. – a year earlier, this figure was 187 rubles. This made it possible to increase the company’s gross profit, which exceeded RUB 15.5 billion. and amounted to 5.1% of the total turnover in the first quarter of 2023.
[ad_2]
Source link
