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
Nov 10 15
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.