Ozon GMV growth accelerated and exceeded 140% in Q4 2020

Ozon Holdings, a leading Russian e-commerce platform, has announced its preliminary operating results for the fourth quarter and the full-year ending December 31, 2020. 

Alexander Shulgin, CEO of OZON, commented: “2020 has been an unprecedented year and a transformational one for our company. In November we successfully completed the Initial Public Offering of Ozon shares listed on Nasdaq, promising to deliver growth and create value for our investors. We see new catalysts for this growth not just in our core business, but also in the synergies created by other complimentary services we are adding for the benefit of our sellers and buyers and in new verticals such as fintech. Operationally, Q4 was a record quarter for our business, with growth accelerating across all of our business segments as the number of sellers, the breadth of our assortment and the demand for our services expanded across Russia’s regions. I am very confident about the outlook for Ozon and for Russia’s e-commerce market as a whole in 2021 and beyond”. 

Strong momentum continued in Q4 2020 with growth accelerating

  • GMV incl. services exceeded RUB 74bn with GMV growth accelerating to over 140% year-on-year.
  • Number of orders increased to 29.6mn growing by 137% compared to 12.5mn orders delivered in Q4 2019.
  • Share of Ozon Marketplace GMV reached 52%, doubling versus 26% in Q4 2019. 
  • Ozon platform continued to show strong positive operating cash flow dynamics.

Full-year 2020 operational highlights 

  • GMV incl. services increased by over 140% year-on-year exceeding RUB 195bn.
  • Number of orders increased to 73.9mn growing by 132% compared to 31.8mn orders delivered in the Full-Year 2019.
  • Share of Ozon Marketplace GMV reached 48%, compared to 17% in the Full-Year 2019.
  • Operating cash flow reached breakeven for the Full-Year 2020.