Earnings Report /

Ozon: Reports healthy 3Q21 results,raises 2021 GMV growth guidance–Neutral-to-Positive

  • Ozon reported its 3Q21 IFRS results. GMV (+145% y/y) and revenue (+85% y/y) growth expectedly accelerated from 2Q21

  • Number of orders growth accelerated to 239% y/y from 180% y/y posted in 2Q21.

  • Ozon’s positions vs. Yandex have somewhat improved from Q2, but the Q4 outlook envisages reinforcement of competition

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

16 November 2021
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