Dmitry Danilenko Joins QIWI plc as Head of the International Money Remittances and E-Commerce Division
Jun 29 15
QIWI plc announced that Dmitry Danilenko is joining the QIWI Group's management team as Head of the International Money Remittances and E-commerce Division. In his new position, Dmitry will be responsible for attracting new international partners in e-commerce and money remittances segments. He will join the team starting July 6, 2015. From 2012 through 2015, Dmitry Danilenko was the Commercial Director at Yandex.Money where he was responsible for defining long-term strategies and communicating with international and Russian electronic payment providers and banks, leading key e-commerce partnership deals.
Qiwi plc and Beeline Russia Expand Partnership
Jun 3 15
QIWI plc and OJSC VimpelCom (owner of Beeline brand), announced a further expansion and a new stage of their cooperation aimed at broadening Visa QIWI Wallet capabilities for Beeline Russia customers. From now on, Beeline Russia customers are able to make purchases in the major online shops, pay their taxes and fines and make payments to a wide range of merchants on better and more convenient terms with Visa QIWI Wallet. The commission rates for some categories will equal 0%. Moreover, Beeline customers will not need to top up their Visa QIWI Wallets separately as with this partnership in place they will have the opportunity to use their mobile phone account as the source of funds. Beeline customers who already use Visa QIWI Wallet will not have to install a separate application. The e-wallet interface will automatically change the color theme to the recognizable black and yellow style at the company website as well as on the main mobile platforms. Visa QIWI Wallet may be topped-up with e-money, using a bank card, via money transfer or with cash through any of the QIWI kiosks and terminals located throughout Russia. QIWI Group and Beeline Russia continue to cooperate in different areas.
Qiwi plc Recommends Dividend, Payable on 28 May, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for the Full Year of 2015; Reports Impairment Charge for the First Quarter of 2015
May 14 15
Qiwi plc recommended a dividend of 25 US cents per share. The dividend record date is 26 May 2015, and the company intends to pay the dividend on 28 May, 2015.
The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of RUB 3,971,476,000 compared to RUB 3,259,462,000 a year ago. Profit from operations was RUB 1,477,127,000 compared to RUB 904,847,000 a year ago. Profit before tax was RUB 1,571,922,000 compared to RUB 878,089,000 a year ago. Net profit attributable to equity holders of the parent was RUB 1,308,136,000 compared to RUB 704,335,000 a year ago. Diluted profit share attributable to ordinary equity holders of the parent was RUB 23.77 compared to RUB 13.27 a year ago. Net cash flow used in operating activities was RUB 5,481,824,000 compared to RUB 4,276,034,000 a year ago. Purchase of property and equipment was RUB 12,326,000 compared to RUB 66,032,000 a year ago. Purchase of intangible assets was RUB 33,365,000 compared to RUB 14,799,000 a year ago. Total adjusted net revenue was RUB 2,515 million compared to RUB 1,877 million a year ago. Adjusted EBITDA was RUB 1,600 million compared to RUB 1,068 million a year ago. Adjusted net profit was RUB 1,117 million compared to RUB 785 million a year ago. Adjusted net profit per share was RUB 20.29 compared to RUB 14.78 a year ago. Payment adjusted net revenue growth was predominantly driven by an increase in payment volume in the E commerce and Money Remittances market verticals and net revenue yield in the E-commerce, Financial Services and Money Remittances market. Adjusted EBITDA growth was mainly driven by revenue growth and continued operating leverage in the business as well as bad debt recovery of RUB 67 million as compared to bad debt provision of RUB 62 million in the first quarter of 2014. The increase in adjusted net profit was primarily driven by the same factors impacting adjusted EBITDA, with exception of transaction foreign exchange effect.
The company reiterated earnings guidance for the year 2015. For the year, the company’s total adjusted net revenue is expected to increase by 12% to 16% over 2014. Adjusted net profit is expected to increase by 12% to 16% over 2014.
The company reported impairment of investment in associates of RUB 2,903,000 in the first quarter of 2015.