QIWI PLC - QIWI STOCK NEWS

QIWI plc has appointed Pavel Korzh as the new Chief Financial Officer, effective December 1, 2020. He succeeds interim CFO Varvara Kiseleva, who will continue as Deputy CFO for Corporate Finance. Korzh, who joined QIWI in August 2020 as CFO of QIWI Bank, brings over 20 years of finance experience from roles at Ozon and Wikimart. CEO Boris Kim expressed confidence in Korzh's ability to support QIWI's growth strategies. QIWI serves over 32 million consumers, facilitating over RUB 145 billion in monthly payments through its extensive payment network.

QIWI plc reported a strong third quarter for 2020, with total net revenue increasing 11% to RUB 6,637 million ($83.3 million) and adjusted net profit rising 73% to RUB 3,275 million ($41.1 million), or RUB 52.49 per diluted share. The payment services segment also saw an 11% revenue increase. Notably, adjusted EBITDA surged 60% to RUB 4,020 million ($50.4 million), reflecting improved operational efficiency. The board approved a dividend of 34 cents per share and reiterated its 2020 guidance, forecasting a 7% to 15% revenue increase, while acknowledging uncertainties due to COVID-19.

QIWI plc (NASDAQ: QIWI) announced a conference call to discuss its third quarter 2020 financial results on November 19, 2020, at 8:30 a.m. ET. A press release detailing the financial results will be issued before the market opens that day. QIWI is a major provider of payment services in Russia and the CIS, with over 20.9 million virtual wallets and 118,000 kiosks. The company processes more than RUB 116 billion in transactions monthly, serving over 32 million consumers.

QIWI plc (NASDAQ: QIWI) has priced RUB 5 billion in unsecured bonds due in 2023, marking its first rouble-denominated offering. Issued by Qiwi Finance, the bonds received strong interest from institutional and retail investors. According to the terms, bondholders can request the purchase of their bonds at nominal value plus accrued interest if certain covenants are breached. The bond placement was organized by VTB Capital, Gazprombank, and Sovcombank, with IFC Solid as a co-organizer.

QIWI plc (NASDAQ: QIWI) will host a conference call on August 19, 2020, at 8:30 a.m. ET to discuss its second quarter 2020 financial results. A press release with the financial details will be issued before the market opens that day. Investors can access the call by dialing specific phone numbers or via a live webcast on QIWI's Investor Relations website. As a leading provider of payment and financial services in Russia and the CIS, QIWI operates a vast network, facilitating over RUB 123 billion in monthly payments across its 21.8 million virtual wallets.

QIWI plc announced that its selling shareholders have decided to cancel the previously planned secondary offering of Class B shares due to unfavorable market conditions. This decision highlights the current volatility in the market, affecting the ability to execute such financial maneuvers. QIWI is a prominent payment service provider in Russia and the CIS, boasting over 21.8 million virtual wallets and processing over RUB 123 billion in cash and electronic payments monthly. The press release also contains forward-looking statements, cautioning about potential risks and uncertainties.

QIWI plc reported preliminary financial results for Q2 2020, indicating a total net revenue increase of 20.8% year-over-year, driven by a significant uptick in Rocketbank segment net revenue. The payment services segment saw a 3.7% increase, although payment volume faced challenges due to COVID-19. Adjusted EBITDA rose by 43.3%, reflecting both revenue growth and reduced expenses from divestitures.

Net revenue for the quarter is estimated between 6,581 and 6,861 million, while adjusted EBITDA is estimated between 3,533 and 4,033 million.

QIWI announced a secondary public offering of 6,800,870 Class B Shares represented by American Depositary Shares, to be sold by certain shareholders. The offering includes a 30-day option for underwriters to purchase an additional 1,020,130 ADSs. QIWI will not benefit from the proceeds, as the Selling Shareholders will receive all net proceeds. The offering is conducted under a shelf registration filed with the SEC. The company emphasizes that this press release does not constitute an offer to buy the securities in any jurisdiction where it would be unlawful.

QIWI plc (Nasdaq: QIWI) announced the date for its 2020 annual general meeting of shareholders, set for August 4, 2020, at 10:00 a.m. in Nicosia, Cyprus. Only shareholders of record as of June 17, 2020, can vote. Key agenda items include the adoption of 2019 audited financial statements, the appointment of auditors, election of directors, approval of directors' remuneration, and disapplication of pre-emption rights. Shareholders can access relevant materials concerning the AGM through the company's website or via The Bank of New York Mellon.