Brief: Russia's Ozon Q2 net loss more than doubles y/y

Ozon Holdings

05/08/2024 12:31

Aug 5 (Reuters) - Russian online retailer Ozon
 OZON.O  OZONDR.MM  says:
    * Q2 revenue increased 30% year on year to 122.5 billion
roubles 
($1.45 billion), driven by 86% growth in advertising revenue and
a fourfold increase in interest revenue
    * Adjusted EBITDA fell by 0.7 billion roubles to a loss of
0.7
billion. Adjusted EBITDA as a percentage of GMV including
services remained broadly flat year on year
    * Q2 loss 28.0 billion roubles ($330.6 million) versus loss
of
13.1 billion a year earlier mainly due to a significant increase
in finance costs and higher depreciation and amortisation
expenses
    * Net cash generated from operating activities increased
fourfold
year on year to 41.8 billion roubles as a result of favourable
working capital movements
    * GMV including services rose by 70% to 633.2 billion
roubles

Further company coverage:  OZONDR.MM 


($1 = 84.7000 roubles)

 (Reporting by Reuters, Editing by)
 ((Olzhas.Auyezov@thomsonreuters.com;))