Russia's Ozon marketplace lowers outlook for growth in GMV to 60%-70% in 2024 from 70% previously

MOSCOW. Nov 6 (Interfax) - Ozon has lowered the forecast for growth in gross merchandise volume (GMV) to 60%-70% year-on-year in 2024 from 70% previously, the online marketplace said.

Meantime, Ozon retains the outlook for positive adjusted EBITDA in 2024.

Ozon boosted GMV 2.1-fold year-on-year to over 1.75 trillion rubles in 2023, and adjusted EBITDA totaled 4.2 billion rubles.