Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, hereafter referred to as “Ozon”), a leading multi-category Russian e-commerce platform, announces that a leading index provider Morgan Stanley Capital International (“MSCI”) included Ozon in the MSCI Russia Index, following the index rebalancing, effective as of close of business on May 27, 2021. The MSCI Russia Index, part of broader MSCI Equity Indexes universe, measures the performance of the large and mid-cap segments of the Russian market and serves as a benchmark for institutional investors across the globe.
The MSCI Russia Index includes 25 largest Russian companies by the market capitalization and the trading volume, which are listed on the Moscow Stock Exchange, and accounts for over 80% of the free float-adjusted market capitalization in Russia. Ozon joins the MSCI Russia Index with the 0.8% weight.
Alexander Shulgin, Chief Executive Officer of Ozon commented: “Following our initial public offering in November 2020, we are pleased to be included in the MSCI Russia Index. We are extremely proud of what Ozon team has achieved so far. We aim to continue to advance penetration of the e-commerce in Russia through improvements to the quality and range of the services which we offer on our platform for our customers and our merchants. We are staying committed to building and scaling a leading e-commerce platform and delivering millions of orders to millions of customers across 11 time zones and all regions of Russia, and beyond.”
Igor Gerasimov, Chief Financial Officer of Ozon said:“Inclusion in the MSCI Russia Index is an important milestone and reflects confidence of the global capital markets in our business and our mission to transform the Russian consumer economy. We see a huge runway ahead of Ozon in our core e-commerce business as well as the complementary verticals such as financial services. We had a great start to the year with our GMV growth exceeding 100% for the sixth quarter in a row in Q1 2021, and we expect to increase our GMV by 100% for the full year.”
Maryia Berasneva-McNamara, Head of Investor Relations, OZON
Maria Zaikina, Director of Public & Industry Relations, OZON
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the current views of Ozon Holdings PLC (“we”, “our” or “us”, or the “Company”) about future events and financial performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements.
These forward-looking statements are based on management’s current expectations. However, it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors and circumstances that may cause Ozon’s actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including conditions in the U.S. capital markets, negative global economic conditions, potential negative developments in the COVID-19 pandemic, other negative developments in Ozon’s business or unfavorable legislative or regulatory developments. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements.
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While Ozon may elect to update such forward-looking statements at some point in the future, Ozon disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be relied upon as representing Ozon’s views as of any date subsequent to the date of this press release.
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