Russian e-commerce firm Ozon reports over 500% jump in 2024 earnings

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Russian e-commerce firm Ozon reports over 500% jump in 2024 earnings - Channel News Asia

Quick Summary:

MOSCOW : Russian e-commerce firm Ozon on Thursday reported a more than 500 per cent jump in full-year core earnings to 40.1 billion roubles ($459.34 million), helped by the improved monetisation of marketplace operations and expansion of its fintech services.

FILE PHOTO: Ozon logo is seen in this illustration taken, February 11, 2025.

For 2025, Ozon said it expects adjusted earnings before interest, tax, amortisation and depreciation (EBITDA) to rise to 70-90 billion roubles.