- 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)