QIWI plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United States, and the United Arab Emirates. It provides payment services through operating approximately 127,000 kiosks and 42,000 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. In addition, it is involved in licensing software and tr...
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Qiwi plc Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for 2014; Reports Goodwill Impairment Charges for the Third Quarter Ended September 30, 2014
Nov 11 14
QIWI announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenue was RUB 3,822,175,000 against RUB 2,975,243,000 a year ago. Profit from operations was RUB 1,330,114,000 against RUB 697,429,000 a year ago. Profit before tax was RUB 1,825,347,000 against RUB 682,824,000 a year ago. Net profit attributable to equity holders of company was RUB 1,568,368,000 or RUB 28.39 per diluted share against RUB 542,771,000 or RUB 10.27 per diluted share a year ago. Total adjusted net revenue was RUB 2,379 million against RUB 1,622 million a year ago. Adjusted EBITDA was RUB 1,520 million against RUB 793 million a year ago. Adjusted net profit was RUB 1,163 million against RUB 605 million a year ago. Adjusted diluted net profit per share was RUB 21.05 against RUB 11.46 a year ago.
For the nine months, the company’s revenue was RUB 10,570,075,000 against RUB 8,387,401,000 a year ago. Profit from operations was RUB 3,267,787,000 against RUB 1,864,891,000 a year ago. Profit before tax was RUB 3,657,782,000 against RUB 1,805,442,000 a year ago. Net profit attributable to equity holders of company was RUB 3,000,243,000 or RUB 55.72 per diluted share against RUB 1,368,183,000 or RUB 26.19 per diluted share a year ago. Net cash flow used in operating activities was RUB 833,649,000 against RUB 2,428,236,000 a year ago. Purchase of property and equipment was RUB 230,784,000 against RUB 122,550,000 a year ago. Purchase of intangible assets was RUB 80,209,000 against RUB 13,400,000 a year ago. Total adjusted net revenue was RUB 6,368 million against RUB 4,467 million a year ago. Adjusted EBITDA was RUB 3,907 million against RUB 2,244 million a year ago. Adjusted net profit was RUB 2,898 million against RUB 1,607 million a year ago. Adjusted diluted net profit per share was RUB 53.83 against RUB 30.77 a year ago.
The company is raising its 2014 outlook as compared to its previously announced outlook: total adjusted net revenue is expected to increase by 32% to 40% over 2013. Adjusted net profit is expected to increase by 60% to 70% over 2013.
For the quarter, the company reported goodwill impairment of RMB 5,477,000.