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February 14, 2016 4:34 AM ET

IT Services

Company Overview of Qiwi plc

Company Overview

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in Russia, Kazakhstan, Moldova, Belarus, Romania, the United States, and the United Arab Emirates. It provides payment services through operating approximately 142,000 kiosks and 38,000 terminals in its payment processing platform. The company also offers Visa Qiwi Wallet, an online and mobile payment processing, and money transfer system that allows accountholders to pay for the products and services of merchants, as well as to perform peer-to-peer money transfers through a virtual wallet in the online and mobile environment; and provides Visa-branded prepaid cards. Qiwi plc was incorporated in 20...

Kennedy Business Centre

2nd Floor

Kennedy 12

Nicosia,  1087

Cyprus

Founded in 2007

1,121 Employees

Phone:

357 2 2653390

Key Executives for Qiwi plc

Qiwi plc does not have any Key Executives recorded.

Qiwi plc Key Developments

Qiwi plc Revises Full-Year 2015 Guidance

QIWI plc announced downward revisions to its previously announced full-year 2015 Adjusted Net Revenue guidance to a range of a 15% to 16% increase over 2014, down from its previous guidance of an 18% to 22% increase over 2014. In addition, QIWI is revising its previously announced full-year 2015 Adjusted Net Profit guidance to a range of a 16% to 18% increase over 2014, down from its previous guidance of an 18% to 22% increase over 2014. The downward revision in the Company’s Adjusted Net Revenue guidance is primarily due to the continued economic recession in Russia as well as weak consumer demand pressured by high inflation and decreasing real income, which has resulted in performance that was lower than anticipated across certain market verticals, in particular e-commerce and money remittance. In the e-commerce market vertical, the Company expected to see a seasonal increase in demand from customers in accordance with trends observed in previous years that failed to materialize, particularly in physical e-commerce. In addition, the money remittance market vertical underperformed in terms of volumes as well as net revenue due to shifting migration trends and the termination of a few partnerships with counterparties and agents. The downward revision in the Company’s Adjusted Net Profit guidance is primarily caused by the downward revision in the Company’s Adjusted Net Revenue guidance and a substantial increase in bad debt expense compared to the full year ended December 31, 2014, resulting from an increase in reserves for receivables from several of QIWI’s agents who have shown signs of financial instability.

QIWI plc Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Year 2015

QIWI plc announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company’s revenue was RUB 4,690,738,000 against RUB 3,822,175,000 a year ago. Profit from operations was RUB 1,115,898,000 against RUB 1,330,114,000 a year ago. Profit before tax was RUB 2,168,187,000 against RUB 1,825,347,000 a year ago. Net profit attributable to equity holders of parent was RUB 1,979,675,000 or RUB 32.74 per diluted share against RUB 1,568,368,000 or RUB 28.39 per diluted share a year ago. Net profit was RUB 1,982,037,000 against RUB 1,556,213,000 a year ago. Total adjusted net revenue was RUB 2,529,000,000 against RUB 2,379,000,000 a year ago. Adjusted EBITDA was RUB 1,340,000,000 against RUB 1,520,000,000 a year ago. Adjusted net profit was RUB 1,133,000,000 against RUB 1,163,000,000 a year ago. Adjusted diluted net profit per share was RUB 18.74 against RUB 21.05 a year ago. Adjusted EBITDA decline was mainly driven by 44% growth of SG&A cost including: bad debt expense, payroll, rent and office maintenance costs as well as professional fees resulting from the ongoing M&A activities. The decrease in adjusted net profit was primarily driven by the same factors impacting Adjusted EBITDA, though significantly mitigated by operational ForEx gains. For the nine months, the company’s revenue was RUB 12,859,147,000 against RUB 10,570,075,000 a year ago. Profit from operations was RUB 3,894,098,000 against RUB 3,267,787,000 a year ago. Profit before tax was RUB 4,742,048,000 against RUB 3,657,782,000 a year ago. Net profit attributable to equity holders of parent was RUB 3,920,067,000 or RUB 68.61 per diluted share against RUB 3,000,243,000 or RUB 55.72 per diluted share a year ago. Net profit was RUB 4,003,869,000 against RUB 2,960,226,000 a year ago. Net cash flow used in operating activities was RUB 5,664,605,000 against RUB 833,649,000 a year ago. Purchase of property and equipment was RUB 82,044,000 against RUB 230,784,000 a year ago. Purchase of intangible assets was RUB 191,835,000 against RUB 80,209,000 a year ago. Total adjusted net revenue was RUB 7,569,000,000 against RUB 6,368,000,000 a year ago. Adjusted EBITDA was RUB 4,424,000,000 against RUB 3,907,000,000 a year ago. Adjusted net profit was RUB 3,283,000,000 against RUB 2,898,000,000 a year ago. Adjusted diluted net profit per share was RUB 57.46 against RUB 53.83 a year ago. For the year 2015, the company expects total adjusted net revenue is expected to increase by 18% to 22% over 2014. Adjusted net profit is expected to increase by 18% to 22% over 2014.

Qiwi plc to Report Q3, 2015 Results on Nov 10, 2015

Qiwi plc announced that they will report Q3, 2015 results at 8:30 AM, US Eastern Standard Time on Nov 10, 2015

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50.5% Stake In ITBillion LLC and 50.5% Stake In QIWI USA LLC
 

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