QIWI PLC - QIWI STOCK NEWS

QIWI plc announced the appointment of Andrey Protopopov as the new Chief Executive Officer effective June 2, 2021. Protopopov has a strong background within the company, having previously served as the Chief Executive Officer of the Payment Services Segment and holding various roles in product development. His leadership is expected to strengthen QIWI’s focus on delivering convenient digital payment solutions. The company has an extensive network, processing over RUB 128 billion in payments monthly, with significant consumer engagement across its platforms.

QIWI plc (NASDAQ: QIWI) reported a first-quarter net revenue decline of 18% to RUB 5,161 million ($68.2 million) compared to the prior year. Despite this, adjusted net profit rose 18% to RUB 2,061 million ($27.2 million), equivalent to RUB 33.00 per diluted share. The company approved a dividend of 22 cents per share. Operating highlights include a 4% increase in total payment volume to RUB 384 billion ($5.1 billion). QIWI reiterated its 2021 guidance forecasting revenue declines of 15%-25% and adjusted net profit drops of 15%-30%.

QIWI plc, a prominent payment services provider in Russia and the CIS, will host a conference call and webcast on May 20, 2021, at 8:30 a.m. ET to discuss its first quarter 2021 financial results. A press release detailing these results will be issued prior to market opening on the same day. QIWI has a robust network with over 18.1 million virtual wallets and 113,000 kiosks, facilitating over RUB 135 billion in cash and electronic payments monthly, serving more than 31 million consumers.

QIWI plc (Nasdaq: QIWI) has announced its 2021 annual general meeting (AGM) scheduled for June 2, 2021, at 10:00 a.m. (Cyprus time). Shareholders of record as of April 15, 2021, may attend and vote. The AGM will address key items: adoption of the 2020 audited financial statements, appointment of auditors, election of directors, and approval of directors' remuneration and amended Articles of Association. Further information and materials related to the AGM are available on the Company's website.

QIWI plc (NASDAQ: QIWI) announced a final dividend of USD 0.31 per share for the fiscal year ended December 31, 2020. The record date for the dividend is April 27, 2021, with payment scheduled for April 29, 2021. QIWI operates a comprehensive payment network in Russia and the CIS, boasting over 18.1 million virtual wallets and processing more than RUB 135 billion in transactions monthly. This solidifies its position as a leading provider of payment and financial services in the region.

Digital Alliance AB and QIWI Group have launched a contactless payment solution called tap2go in Russia, using SoftPOS technology. This new service allows users to accept card payments directly on mobile devices, facilitating transactions via contactless cards and mobile payment apps such as Apple Pay and Google Pay. Initially available to a sample of QIWI Wallet users, it will be open to all users in two months. The service emphasizes ease of use and strong security, backed by VISA and Mastercard certifications. This innovation aims to support small businesses affected by the pandemic.

QIWI reported its Q4 2020 results, showing a 0.2% decline in total net revenue to RUB 6,242 million, while adjusted net profit surged 116% to RUB 2,519 million, equating to RUB 40.32 per diluted share. For the full year, total net revenue rose 12% to RUB 25,978 million, with adjusted net profit increasing 54% to RUB 10,304 million or RUB 165.09 per diluted share. The payment services segment showed revenue growth of 6% and a 125% rise in adjusted EBITDA despite challenges posed by regulatory changes and competition.

QIWI has recommended Mr. Andrey Protopopov as the new CEO following Boris Kim's upcoming resignation in June 2021. Mr. Protopopov has been part of QIWI since 2013 and has extensive experience in product development, having previously served as Head of IT and Product. The board, led by chairman Sergey Solonin, expressed confidence in Protopopov’s ability to guide the company towards continued success after a thorough succession planning process. Kim's leadership has reportedly made QIWI more focused and strategically positioned for future growth, especially during the challenging times of 2020.

QIWI plc (NASDAQ: QIWI) announced a conference call scheduled for March 30, 2021, at 8:30 a.m. ET, to discuss its fourth quarter and full year 2020 financial results. A press release detailing these results will precede the call. QIWI operates a vast payment network across Russia and the CIS, boasting over 19.7 million virtual wallets and over 117,000 kiosks, facilitating monthly transactions exceeding RUB 145 billion for over 32 million consumers.