QIWI PLC - QIWI STOCK NEWS

On July 19, 2022, QIWI announced revisions to the Tender Offer initially filed on July 7, 2022. The previous Issuer Tender Offer was terminated and replaced with a third-party tender offer by Dalliance Services Company, represented by Sergey Solonin, QIWI's controlling shareholder. The new offer is for up to 10 million Class B Ordinary Shares at $2.50 per share, expiring on August 15, 2022. QIWI will not participate in the offer and has not yet expressed a position on it. The company had a revenue of RUB 41.1 billion in FY 2021 and an Adjusted EBITDA of RUB 13.2 billion.

QIWI plc (NASDAQ and MOEX: QIWI) reported a 22.2% increase in Total Net Revenue for 1Q 2022, reaching RUB 6,305 million ($75.0 million). Adjusted EBITDA rose 30.7% year-over-year to RUB 3,687 million ($43.8 million), with an improved EBITDA margin of 58.5%. However, payment volumes decreased by 7.2%, and the company refrained from providing future guidance amid geopolitical uncertainties. Shareholder dividends are under review due to existing complications. Overall, the financial position remains strong despite rising operational challenges.

QIWI plc (NASDAQ: QIWI), a major player in payment and financial services in Russia and the CIS, will release its first-quarter 2022 financial results on May 23, 2022. Due to ongoing market uncertainty, the company has postponed the associated conference call and webcast. Stakeholders are encouraged to submit questions through the investor website. For FY 2021, QIWI reported revenue of RUB 41.1 billion and an Adjusted EBITDA of RUB 13.2 billion. The firm aims to enhance digital payment solutions through its extensive proprietary network.

QIWI plc has announced that a resolution proposed at its 2022 Extraordinary General Meeting of Shareholders (EGM) held on May 16, 2022, was approved. This resolution allows the company to buy back its ordinary shares represented by American Depositary Shares on Nasdaq and Moscow Exchange. At the EGM, a total of 110,748,588 votes were cast in favor, with only 262,636 against the proposal. QIWI reported FY 2021 revenue of RUB 41.1 billion and an Adjusted EBITDA of RUB 13.2 billion, solidifying its position as a leading provider of payment services in Russia and the CIS.

QIWI plc reported its FY 2021 financial results, revealing a 1.3% year-over-year revenue increase to RUB 41,135 million, but a 5.1% decline in total net revenue to RUB 23,113 million. Net profit surged 96.2% to RUB 17,536 million (RUB 278.59 per diluted share), despite a 6.9% drop in adjusted net profit to RUB 9,594 million. The quarter demonstrated significant 14.8% revenue decline in 4Q and a 12.1% drop in total net revenue. The company also faced strict sanctions and declines in active wallet accounts.

On April 29, 2022, QIWI (NASDAQ: QIWI) announced it received a notification from Nasdaq regarding non-compliance with audit committee requirements due to the resignation of Ms. Elena Titova from the board and Audit Committee, effective April 20, 2022. Currently, the Audit Committee has only two independent members, falling short of the required three. A cure period has been provided until the next annual shareholders' meeting or April 20, 2023, whichever is earlier, to regain compliance. Failure to appoint a third independent director may result in delisting from Nasdaq.

QIWI plc announced the resignation of Elena Titova from its Board of Directors effective April 20, 2022. Titova served as an independent director since June 2019 and held key positions including Chairperson of the Compensation Committee and member of the Audit and Strategy and Sustainable Development Committees. The company plans to appoint a new independent director to maintain committee structure and will announce the appointment in due course.

QIWI plc (NASDAQ: QIWI) announced on April 14, 2022, that S&P Global Ratings has withdrawn its credit rating due to the EU's ban on ratings related to entities linked to Russia. This decision does not impact QIWI's operational or financial performance, as the company generates a significant portion of its revenues from Russia. QIWI continues to provide payment and financial services, reporting revenue of RUB 40.6 billion and Adjusted EBITDA of RUB 13.8 billion for FY 2020.

QIWI plc has appointed Ms. Alla Maslennikova as a Non-Executive Director, effective April 11, 2022. With extensive experience in finance and corporate governance, she has previously held significant roles, including Deputy CEO at United Wagon Company and Chairman at Rosgosstrakh Bank. Her experience spans financial reporting, risk management, and corporate governance.

Sergey Solonin, Chairman of the Board, expressed confidence in her oversight capabilities during challenging times for the company. QIWI continues to provide innovative payment solutions in Russia and the CIS.