Sberbank - Ozon Holdings (OZON) CIS Market Daily - February 10, 2022

Report

Sberbank

Anastasia Khakhaeva ...

Andrey Gromadin
Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Fedor Kornachev
Konstantin Samarin
Research Team

CIS Market Daily - February 10, 2022

MARKET COMMENT - RESULTS, NORMANDY, UK SANCTIONS NEWS AND US CPI IN FOCUSThe MSCI ACWI rallied 1.6% ahead of today's critical US CPI print. Russia outperformed, the RTS climbing 3.1% as financials pushed higher and investors digested mixed macro news, with little in the way of political commentary. Today, focus is likely to be on results from four companies, a possible unveiling of a UK sanctions bill, "Normandy" talks regarding Ukraine and the global impacts of the US CPI report.STORIES> MSCI February 2022 rebalancing review> Russia's current account surplus reaches $19 bln in January> Inflation in Russia accelerates to 8.7% y-o-y in January> Russia's basic sector output improves in December and 4Q21> Oil and gas: Strong 4Q21 results expected, 1Q22 outlook even brighter> Ozon Bank reaches the 1 mln user mark

10/02/2022 1 EN

Underlying

Ozon Holdings

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US69269L1044 NASDAQ Stock Market Cyprus

Provider

Sberbank

Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

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Analysts

Anastasia Khakhaeva

Andrey Gromadin

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Fedor Kornachev

Konstantin Samarin

Research Team

Other Reports on these Companies

BusinessWire

Ozon Has Entered into a Standstill Agreement in Respect of Its $750 Million Senior Unsecured Convertible Bonds Due 2026

NEW YORK--(BUSINESS WIRE)-- Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred to as “we”, “us”, “our”, “Ozon” or the “Company”), the operator of a leading Russian e-commerce platform, provides further update in respect of its $750 million 1.875 per cent. senior unsecured convertible bonds due 2026 (“Bonds”), issued by the group’s Cypriot holding company, Ozon Holdings PLC. On June 1, 2022 the Company and ad hoc group of Bondholders, representing 21.4 per cent of the outstanding Bonds entered into a standstill agreement to facilitate the restructuring of the Bonds (the “Standstil...

June 1, 2022 June 1, 2022 1 EN

BusinessWire

Ozon Announces Its First Quarter 2022 Unaudited Financial Results

NEW YORK--(BUSINESS WIRE)-- Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred to as “we”, “us”, “our”, “Ozon” or the “Company”), an operator of the leading Russian e-commerce platform, announces its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial and Operating Highlights Number of orders demonstrated substantial growth of 173% year-on-year to 93.0 million compared to 34.1 million orders in Q1 2021 driven by the customer base expansion and greater user engagement. GMV incl. services reached RUB 177.5 billion in Q1 2022 with...

May 27, 2022 May 27, 2022 1 EN

BusinessWire

Ozon Announces Changes to Its Board of Directors and Top Management

NEW YORK & MOSCOW--(BUSINESS WIRE)-- Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred to as “we”, “us”, “our”, “Ozon” or the “Company”), a leading Russian e-commerce platform, announces that Alexander Shulgin stepped down as Chief Executive Officer of Ozon group and resigned from the Board of Directors of Ozon with effect from April 11, 2022, following European Union and Australia sanctions imposed on Alexander Shulgin. The Company’s Chief Financial Officer, Igor Gerasimov, will replace Alexander Shulgin as an Executive Director on the Board of Directors. Management of the Comp...

April 12, 2022 April 12, 2022 1 EN

Russian Consumer - Unemployment and Income: The Outlook for 2022

In its modern history, Russia has not suffered any major spikes in joblessness. Its unemployment rate has ranged from between 4.8% and 8.3% since 2005 (versus 3.6-9.9% in the US for the same period). However, considering the sectors currently affected and companies scaling down operations in Russia, we see 1.1 mln out of the total 71 mln jobs at risk. But because this comes amid a labor shortage, which emerged in late 2021, companies are aiming to hold on to personnel, while the government is announcing extra social support measures. In a conservative scenario, the unemployment rate could go u...

March 24, 2022 March 24, 2022 1 EN

Andrew Keeley ... (+3)

Andrew Keeley
Arthur Cherkesov
Ekaterina Sidorova

Russian Banks - What We Know at This Stage

In this note, we sum up a few thoughts on the current situation for Russia's banks.> Immediate pressure weathered... Since the initial brief depositor panic in late February, deposit flows have stabilized and even turned into net inflows as banks have hiked short-term deposit rates to around 20%, in line with the key rate.> ... and the CBR has experience of crises. The CBR is well versed in supporting the banking system through crises and has already made important moves in providing liquidity and capital forbearance. The banking sector recapitalization that we saw in 2008-09 and 2014-15 is no...

March 24, 2022 March 24, 2022 1 EN

Anton Stroutchenevski ... (+6)

Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Dmitry Troshin
Georgiy Ivanin
Research Team

CIS Market Daily - March 24, 2022

MARKET COMMENT - TRADING TO RESUME FOR DOMESTIC INVESTORS AHEAD OF THE NATO-G7-DM SUMMIT AND NEW SANCTIONSEquity trading resumes today after a four-week suspension, but nonresidents and short-sellers will not yet be welcomed back. In focus will be the summit of NATO, the G7 and the rest of the developed world, which was called to discuss the evolving responses to Russia's so-called "special military operation" against Ukraine. STORIES> Equity trading to resume today - but not for nonresidents> "Unfriendly" countries to pay for Russian gas in rubles> Weekly inflation still elevated at 1.9%; inf...

March 24, 2022 March 24, 2022 1 EN

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CIS Market Daily - February 10, 2022

Ozon Has Entered into a Standstill Agreement in Respect of Its $750 Million Senior Unsecured Convertible Bonds Due 2026

Ozon Announces Its First Quarter 2022 Unaudited Financial Results

Ozon Announces Changes to Its Board of Directors and Top Management

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

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