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QIWI Simplifying QIWI Announces Second Quarter 2021 Financial Results August 19 , 2021 Second Quarter Total Net Revenue amounted to RUB 6,049 million ( 3 % YoY increase for continued operations ) Adjusted Net Profit amounted to RUB 2,704 million ( 2 % decrease YoY ) or RUB 43.30 per diluted share QIWI upgraded FY 2021 guidance Board of Directors approved dividends of 30 cents per share NICOSIA , Cyprus , Aug. 19 , 2021 ( GLOBE NEWSWIRE ) -- QIWI plc ( NASDAQ : QIWI ) ( MOEX : QIWI ) ( " QIWI " or the " Company " ) , a leading provider of next generation payment and financial services in Russia and the CIS , today announced its financial results for the second quarter ended June 30 , 2021 . 2Q 2021 Financial Highlights Group results • Total Net Revenue from continued operations increased by 3 % YoY to RUB 6,049 million ( $ 83.6 million ) . Including discontinued operations Total Net Revenue decreased by 12 % YoY . • Adjusted EBITDA decreased by 1 % YoY and stood at RUB 3,850 million ( $ 53.2 million ) . Adjusted EBITDA margin improved by 6.6ppt and reached 63.7 % • Adjusted Net Profit decreased by 2 % YoY to RUB 2,704 million ( $ 37.4 million ) , or RUB 43.30 per diluted share . Adjusted Net Profit margin went up by 4.4ppt to 44.7 % Payment Services ( PS ) segment results • Total PS volume increased by 32 % YoY to RUB 457.6 billion ( $ 6.3 billion ) • PS Net Revenue increased by 5 % YoY to RUB 5,678.1 million ( $ 78.5 million ) • PS Net Profit decreased by 6 % YoY to RUB 3,042 million ( $ 42.0 million ) . PS Net Profit margin decreased by 6.5ppt to 53.6 % Key events in 2Q 2021 and after the reported period • The Board of Directors comprised of seven members , including three independent non - executive directors , was elected at the Company's AGM . Sergey Solonin was elected Chairman of the Board of Directors • Andrey Protopopov was appointed as CEO of the Company and became a member of the Board of Directors • The Board of Directors approved an interim dividend for 2Q 2021 in the amount of 30 cents per share • QIWI entered into a definitive agreement to sell its 40 % stake ( 45 % economic interest ) in Tochka for RUB 4.95 billion , subject to performance adjustments depending on Tochka's FY 2021 audited results 1. The Closing is subject to the approval of the Federal Antimonopoly Service of the Russian Federation ( " FAS Approval " ) and is expected to take place in 3Q 2021 . Andrey Protopopov , QIWI's CEO commented : " Despite overall challenging environment we managed to deliver another quarter of strong results coming above our initial expectations . Our focus on the key niches , high standards of service and operational efficiency pays off with growing volumes and sustainable margins . I'm pleased with the developments in our core Payment Services segment , which shows sound volume growth of 32 % and net revenue growth of 7 % YOY despite negative effect from temporary block of cross - border payments . Our Money Remittance vertical volume reached record highs and E - commerce vertical demonstrated growth year over year . We were well prepared for the Euro 2020 football championship and observed solid volumes across our key strategic directions on the back of our continuous efforts to improve customer value proposition . The team is progressing well on launch of new products , signing new partnerships and onboarding of new merchants . I also look forward , with enthusiasm , to the developments in B2B segment via our Factoring PLUS project where we continued to expand our portfolios and launched credit products for contracts execution and for market places . We are constantly enhancing our product portfolio mix and look for new opportunities that emerge on the market . Despite the headwinds we face , we are committed to achieving our goals . I believe , together with our professional team , we are able to deliver sustainable and profitable long - term growth to our shareholders . " 2Q Results Net Revenue breakdown by segments