Ozon Clocks GMV Growth Of 145% In Q3

Russian e-commerce platform Ozon Holdings PLC OZON reported a third-quarter FY21 Gross merchandise value (GMV) growth of 145% year-on-year to RUB 108.3 billion.
The number of orders grew by 239% Y/Y to 56.2 million.
The Ozon platform attracted circa 1 million active users per month during Q3 helping the customer base exceed 21 million active users, up 87% Y/Y.
The loss extended to RUB (14) billion versus RUB (3.9) billion last year.
Ozon held cash and cash equivalents of RUB 116.5 billion.
In Q3, our GMV more than doubled compared to last year. Given strong momentum year to date, we raise our GMV growth guidance to 120% in 2021, CEO Alexander Shulgin said.
Outlook: Ozon raised its FY21 growth guidance for GMV to 120% from 110%.
Ozon reiterated its FY21 capital expenditure plans of RUB 20 billion - RUB 25 billion.
Price Action: OZON shares traded lower by 2.07% at $42.49 in the premarket session on the last check Tuesday.