QIWI PLC - QIWI STOCK NEWS

QIWI announced the resignation of Nadiya Cherkasova from its Board of Directors effective March 21, 2022. Cherkasova had served as a non-executive director and was a member of the Compensation Committee since June 2018. The board chairman, Sergey Solonin, acknowledged her contributions during her tenure. The position remains vacant, with new appointments to be announced later. QIWI is a significant provider of payment and financial services in Russia and the CIS, handling RUB 148 billion in payments monthly. For FY 2020, QIWI reported revenues of RUB 40.6 billion and Adjusted EBITDA of RUB 13.8 billion.

QIWI plc has launched an updated investor website to enhance accessibility and navigation. The new site aligns with QIWI's brand guidelines and includes improved features showcasing its payment and financial services. With over 20 years in fintech, QIWI supports a vast network allowing over 27 million customers to process RUB 148 billion monthly across diverse payment methods. The company's FY 2020 revenue was RUB 40.6 billion, with an Adjusted EBITDA of RUB 13.8 billion. QIWI's American depositary shares trade on NASDAQ and MOEX under the ticker QIWI.

QIWI plc (NASDAQ: QIWI) has announced its acquisition of the Taxiaggregator SaaS platform, enhancing its payment solutions for the taxi industry. The platform serves approximately 2,800 taxi companies and over 308,000 drivers, offering automated payment processes and real-time data analytics. This strategic move aligns with QIWI's goal to evolve from a payment solution provider to a comprehensive taxi ecosystem, bolstered by its extensive client relationships. The acquisition is set to finalize in 1Q 2022, with QIWI Technologies LLC owning 80% of the project.

QIWI reported an 8% increase in revenue from continued operations, totaling RUB 11,746 million, while Total Net Revenue from continued operations fell by 2% to RUB 6,419 million. Net Profit surged 190% YoY to RUB 8,836 million. However, Adjusted Net Profit decreased 17% YoY to RUB 2,705 million. The company upgraded its FY 2021 guidance, anticipating a Total Net Revenue decline of 10% to 15%. The Board approved interim dividends of $0.30 per share. Significant changes in the betting industry may affect future earnings, particularly following new regulatory measures.

QIWI plc (NASDAQ and MOEX: QIWI) will host a conference call on November 23, 2021, at 8:30 a.m. ET to discuss its third quarter 2021 financial results, with a press release prior to market open. Investors can access the live call via provided toll-free numbers and it will also be available for replay until December 7, 2021. QIWI, a key player in payment and financial services in Russia and CIS, operates a vast network with approximately 15.5 million virtual wallets and processes over RUB 140 billion monthly payments.

QIWI plc (NASDAQ: QIWI) announced the appointment of Alexey Mashchenkov as Chief Financial Officer effective November 8, 2021. He will oversee financial operations, investments, and capital allocation, succeeding interim CFO Elena Nikonova, who remains Deputy CFO. Alexey brings over 20 years of finance experience, previously serving as Deputy CEO of Russian Fishery and Group CFO of Russian Standard Corporation. CEO Andrey Protopopov expressed confidence in Alexey's contributions to QIWI's future success in the fintech sector.

QIWI plc has sold its 40% stake in JSC Tochka to Otkritie Bank for RUB 4.95 billion, marking a significant transaction valued at RUB 11.0 billion. This sale reflects a substantial return on QIWI's total investment of RUB 2.1 billion, yielding at least a 2.5x return and an internal rate of return (IRR) of no less than 35%. The deal has received the necessary regulatory approvals and sets the stage for continued collaboration between QIWI, Otkritie Bank, and Tochka on B2B2C projects. Performance adjustments may affect the final deal value based on Tochka's FY 2021 results.

QIWI reported total net revenue of RUB 6,049 million for Q2 2021, a 3% increase year-over-year for continued operations. However, adjusted net profit fell by 2% to RUB 2,704 million, resulting in earnings per share of RUB 43.30. The company upgraded its FY 2021 guidance, anticipating a 10-20% decline in total net and payment services revenue, as well as a 15-30% drop in adjusted net profit. The Board approved a dividend of USD 0.30 per share, with a record date of September 7, 2021. Challenges remain, largely due to regulatory changes and the ongoing impact of COVID-19.

QIWI plc (NASDAQ: QIWI) announced a conference call on August 19, 2021, at 8:30 a.m. ET to discuss its second quarter 2021 financial results. A press release with these results will be issued before markets open on the same day. The company, a leading provider of payment services in Russia and the CIS, boasts over 16.6 million virtual wallets and processes RUB 128 billion in cash and electronic payments monthly. This call will be accessible via phone and webcast on QIWI's investor relations website.