QIWI plc (QIWI) Tops Q4 EPS by 10c, Beats on Revenues

Note: EPS may not be comparable

QIWI plc (NASDAQ: QIWI) reported Q4 EPS of $0.18, $0.10 better than the analyst estimate of $0.08. Revenue for the quarter came in at $71.5 million versus the consensus estimate of $57.26 million.

Fourth Quarter 2017 Operating and Financial Highlights

• Total Adjusted Net Revenue1 increased 46% to RUB 4,116 million ($71.5 million)
• Payment Services Segment Net Revenue increased 24% to RUB 3,500 million ($60.8 million)
• Adjusted EBITDA decreased 23% to RUB 965 million ($16.8 million)
• Adjusted Net Profit2 decreased 32% to RUB 642 million ($11.1 million), or RUB 10.48 per diluted share
• Payment Services Segment Net Profit increased 47% to RUB 2,013 million ($34.9 million) or RUB 32.85 per diluted share
• Total Payment Services volume increased 9% to RUB 250.9 billion ($4.4 billion)

2018 Guidance

QIWI provides its guidance in respect of 2018 outlook:

• Total Adjusted Net Revenue assuming no contribution from Tochka and Rocketbank projects is expected to increase by 12% to 16% over 2017;
• Payment Services Segment Net Revenue is expected to increase by 12% to 16% over 2017;
• Adjusted Net Profit is expected to decline by 10% to 0% over 2017;
• Payment Services Segment Net Profit is expected to increase by 10% to 15% over 2017.

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

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