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Ozon maintains 2024 outlook on turnover growth at around 70%

According to managing director of the online retailer Sergey Belyakov, the company's Q1 growth amounted to 88%

ST. PETERSBURG, June 6. /TASS/. Ozon maintains its outlook on turnover growth for 2024 at around 70% in annual terms, managing director of the online retailer Sergey Belyakov told TASS on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"Yes, we maintain [the outlook] as we expect an around 70% increase in turnover and we plan to remain in the green zone on adjusted EBITDA in annual terms. Q1 growth amounted to 88%," he said.

GMV, including services, climbed 2.1-fold in 2023 compared with 2022 to 1.75 trillion rubles. FY adjusted EBITDA totaled 4.2 bln rubles.

The St. Petersburg International Economic Forum (SPIEF) is being held on June 5-8. This year’s theme is "The Formation of New Areas of Growth as the Cornerstone of a Multipolar World." Scheduled events include meetings for small and medium-sized businesses, creative industries, the SPIEF Youth Day, as well as the Drug Security, SPIEF Academy and SPIEF Junior forums. SPIEF is organized by the Roscongress Foundation. TASS is the information partner of the event.

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