Ozon Shares Plummeted Nearly 30% On The Moscow Exchange
- 24.08.2026, 13:41
Following the Ukrainian Armed Forces' strikes on the warehouses.
Shares of Ozon, Russia’s second-largest marketplace, which accounts for more than a quarter of the country’s e-commerce market, plummeted on the Moscow Exchange on Monday after the company reported a series of drone strikes on its warehouses.
At one point, Ozon shares were down 27%, to 2,112.5 rubles per share—the lowest level since August 2023. In a matter of minutes, the company lost 185 billion rubles in market capitalization, or $2.2 billion, after which the exchange suspended trading and switched to a discretionary auction mode. As of 12:40 p.m. Moscow time, Ozon had limited its decline to 19.3% for the day. Since the beginning of the year, the company’s market value has fallen by 47%, or 376 billion rubles.
According to Ozon itself, six of its warehouses have been hit by drones over the past three days: over the weekend, drones struck facilities in Samara and Orenburg, and on Sunday night, a logistics center in the village of Enem, a suburb of Krasnodar, and another in Makhachkala—where a fire broke out and several people were injured—were attacked. Ozon’s warehouses in Adygeysk and Nevinnomyssk were evacuated due to the threat of drone attacks, but according to Ozon, the facilities themselves and the goods inside were not damaged.
Following Ozon, shares of AFK “Sistema,” owned by billionaire Vladimir Evtushenkov, fell 12.4%: they dropped to their lowest level since 2014—7.56 rubles per share. “Sistema” owns a large stake in Ozon, so the decline in the marketplace’s market capitalization automatically affects the value of its assets, notes Freedom Global analyst Vladimir Chernov.
Ozon’s decline, a new wave of attacks on logistics infrastructure, and escalating geopolitical risks have dragged down the entire market, he states. The Moscow Exchange Index, which includes shares of the 46 largest Russian companies, is down 2.5% to 2,081 points. A new wave of declines in the stock market could lead to new annual lows, according to PSB analysts.
Ozon may suspend dividend payments, according to BCS analyst Andrey Sharov. The extent of the damage to Ozon’s operations from the attacks is not yet clear, he emphasizes. Wildberries, whose revenue is 1.5 times that of Ozon, has incurred direct losses alone amounting to several hundred billion rubles; when combined with losses suffered by sellers and destroyed merchandise, the damage from the attacks on its infrastructure could reach approximately 1 trillion rubles.
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