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Qiwi boosts year revenue forecast to include 1H Tochka, Rocketbank result

May 23, 2018 7:31 AM ETQIWI plc (QIWI) StockBy: Liz Kiesche, SA News Editor1 Comment
  • Qiwi (NASDAQ:QIWI) sees 2018 total adjusted net revenue up 15%-20% from 2017; that compares with forecast of up 12%-16% from its Q4 release. The current forecast includes Tochka/Rocketbank revenue for H1, while the prior forecast assumed no revenue from the two projects.
  • Year forecast for payment services segment net revenue, adjusted net profit and payment services segment net profit remains unchanged:
  • Q1 adjusted EBITDA fell 5% to RUB1.45B ($25.3M), driven by SG&A expense growth, partly related to the SOVEST and Tochka projects,
  • Q1 adjusted net profit fell 15% to RUB1.08B ($18.9M) or RUB17.62 per share.
  • Q1 payment services segment net revenue rose 26% to RUB3.67B ($64.1M); total payment services net profit jumped 27% to RUB2.21B ($38.6M), or RUB36.05 per share.
  • QIWI -0.2% to $18.99 in premarket trading.
  • Source: Press Release
  • Previously: QIWI beats by $0.05, beats on revenue (May 23)

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