Russian marketplace Ozon estimates losses from Ukrainian drone attacks at $373 million
Ukrainian drone attacks on facilities belonging to Russia’s retail giant Ozon have led to losses of more than 30 billion rubles ($373 million), according to the marketplace’s financial statements, as cited by the business outlet RBC . Since mid-August, a total of 11 Ozon logistics facilities have been hit by Ukrainian drone strikes. The company added that part of its own risks were insured, and…
Russian online marketplace Ozon has estimated losses from Ukrainian drone attacks at $373 million, according to the company's financial statements, as reported by business outlet RBC. Since mid-August, 11 of Ozon's logistics facilities have been targeted by Ukrainian drone strikes. The company mentioned that some of its risks were insured, and is now discussing compensation with insurers.
Despite the losses, Ozon's net profit for the third quarter increased by 25%, reaching 3.7 billion rubles ($46 million). Revenue reached 421.2 billion rubles ($5.2 billion), while the number of orders surged by 76%. Drone attacks on Ozon's warehouses began in the second half of August, following a series of strikes against its competitor, Wildberries, which started in mid-July.
Wildberries' losses are estimated between 100-200 billion rubles ($1.2-2.5 billion), but alternative estimates suggest figures up to 600-800 billion rubles ($7.5-9.9 billion) when losses of sellers using the platform are considered. The consumer boom in Russia appears to be ending with these Ukrainian drone strikes on Wildberries and Ozon, marking the end of Russians' spending spree.
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