OZON Stock Recent News

Russian e-commerce firm Ozon said on Friday it had notified Nasdaq of its intention to delist its American depositary shares (ADSs), ending a near-three association with the U.S. exchange.

Russian online retailer Ozon on Thursday said its 2022 revenue jumped 55% to 277.1 billion roubles ($3.4 billion) but costs related to a major fire a fulfilment centre pushed it to a larger annual loss.

Russian e-commerce firm Ozon said on Wednesday it was appealing the Nasdaq stock exchange's plan to delist its securities and wanted to stand up for the rights of its investors.

Russian e-commerce firm Ozon intends to remain a public company, it said on Thursday, after being informed that the Nasdaq stock exchange planned to delist its securities.

Five Russia-affiliated internet companies are to be formally delisted from U.S. stock exchanges, a year after trading was halted in the wake of Russia's invasion of Ukraine.

Russian online retailer Ozon Holdings said on Monday it was opening an office in Shenzhen in China to boost cross-border sales to Russian shoppers on its platform.

Russian e-commerce firm Ozon said on Thursday it had started selling goods through a parallel imports mechanism on its platform, benefiting from legislation Russia has brought in to try to limit the impact of Western sanctions.

Flagging escalating fears it may default on some corporate debt, Russian e-commerce player Ozon said it has increased its capital expenditure and seen free cash flow turn negative as it seeks to head off supply chain interruptions.

Nasdaq-listed Ozon grew and continues to gain an increasing share of the Russian e-commerce market. Investors liked that – until geopolitics got involved. Now, Allegro seems like an obvious option to replace Ozon in the portfolios of institutional investors.