QIWI plc (QIWI) Tops Q3 EPS by 2c, Beats on Revenues

QIWI plc (NASDAQ: QIWI) reported Q3 EPS of $0.30, $0.02 better than the analyst estimate of $0.28. Revenue for the quarter came in at $55.8 million versus the consensus estimate of $50.82 million.

2017 Guidance2

QIWI upgrades its guidance in respect of 2017 outlook:

• Total Adjusted Net Revenue is expected to increase by 12% to 16% over 2016; We expect no material contribution to Total Adjusted Net Revenue from SOVEST project, Tochka and Rocketbank.
• Adjusted Net Profit excluding SOVEST, Tochka and Rocketbank expenses is expected to increase by 30% to 40% over 2016;
• Adjusted Net Profit including SOVEST, Tochka and Rocketbank expenses is expected to decline by 17% to 27% over 2016.

Third Quarter 2017 Operating and Financial Highlights

• Total Adjusted Net Revenue increased 22% to RUB 3,238 million ($55.8 million)
• Adjusted EBITDA decreased 21% to RUB 1,325 million ($22.8 million)
• Adjusted Net Profit decreased 16% to RUB 1,064 million ($18.3 million), or RUB 17.38 per diluted share
• Adjusted Net Profit excluding the effect of SOVEST project increased 32% to RUB 1,681 million ($29.0 million), or RUB 27.46 per diluted share
• Total payment volume increased 8% to RUB 235.9 billion ($4.1 billion)

For earnings history and earnings-related data on QIWI plc (QIWI) click here.

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