Earnings release
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QIWI Simplifying QIWI Announces Third Quarter 2021 Financial Results November 23 , 2021 Revenue from continued operations increased 8 % YoY to RUB 11,746 million Total Net Revenue from continued operations decreased 2 % YoY to RUB 6,419 million Net Profit increased 190 % YoY to RUB 8,836 million ( or RUB 140.71 per diluted share ) Adjusted Net Profit decreased 17 % YoY to RUB 2,705 million ( or RUB 43.32 per diluted share ) QIWI upgraded FY 2021 guidance Board of Directors approved interim dividends of 30 cents per share NICOSIA , Cyprus , Nov. 23 , 2021 ( GLOBE NEWSWIRE ) -- QIWI plc ( NASDAQ and MOEX : QIWI ) ( " QIWI " or the " Company " ) , a leading provider of cutting - edge payment and financial services in Russia and the CIS , today announced its financial results for the third quarter ended September 30 , 2021 . 3Q 2021 Key Operating and Financial Highlights¹ Payment Services ( PS ) Revenue Total Net Revenue LFL Total Net Revenue ( 2 ) Adjusted EBITDA Adjusted EBITDA margin Net Profit Consolidated Adjusted Net profit Group results Adjusted Net profit margin PS Net Revenue PS Payment Net Revenue PS Payment Volume , billion PS Payment Net Revenue Yield PS Other Net Revenue Adjusted Net profit Adjusted Net profit margin 3Q 2020 RUB million 10,833 6,637 6,557 4,020 60.6 % 3,043 3,275 49.3 % 6,108 5,303 435 1.22 % 805 3,633 59.5 % YoY % 8.4 % ( 3.3 % ) ( 2.1 % ) ( 4.6 % ) ( 0.8 % ) 8,836 190.4 % 2,705 ( 17.4 % ) 42.1 % ( 7.2 % ) 3Q 2021 RUB million 11,746 6,419 6,419 3,834 59.7 % 5,855 ( 4.1 % ) 4,856 ( 8.4 % ) 490 0.99 % 12.6 % ( 0.2 % ) 999 24.1 % 3,231 ( 11.1 % ) 55.2 % ( 4.3 % ) 9M 2020 RUB million 29,663 19,736 18,122 10,223 51.8 % 6,479 7,785 39.4 % 16,826 14,507 1,153 1.26 % 2,320 9,927 59.0 % 9M 2021 RUB million YoY % 31,793 7.2 % 17,629 ( 10.7 % ) 17,629 ( 2.7 % ) 10,504 2.7 % 59.6 % 7.8 % 13,423 107.2 % 7,470 ( 4.0 % ) 42.4 % 2.9 % 2 For more details please refer to the respective press release disclosed at Company's website : 16,295 ( 3.2 % ) 13,857 ( 4.5 % ) 1,332 15.6 % 1.04 % 2,438 8,753 ( 11.8 % ) 53.7 % ( 5.3 % ) ( 0.2 % ) 5.1 % 3Q 2021 USD million ( 1 ) 161.4 88.2 88.2 53 59.7 % 121.4 37.2 42.1 % 80.5 66.7 6.7 0.99 % 14 44 55.2 % ( 1 ) Throughout this release dollar translation calculated using a ruble to U.S. dollar exchange rate of RUB 72.7608 to U.S. $ 1.00 , which was the official exchange rate quoted by the Central Bank of the Russian Federation as of September 30 , 2021 . ( 2 ) Like - for - like Total Net Revenue excludes discontinued Consumer Financial Services ( Sovest ) and Rocketbank segments . Key events in 3Q 2021 and after the reported period • Alexey Mashchenkov was appointed as CFO of QIWI . • The Board of Directors approved an interim dividend for 3Q 2021 in the amount of 30 cents per share . • QIWI completed the sale of its 40 % stake ( 45 % economic interest ) in Tochka² resulting in total gain on disposal of RUB 6.2 billion , including RUB 2.7 billion of accrued performance adjustment income contingent to Tochka's earnings for the year 2021 . • The role of a single Unified Interactive Bets Accounting Center ( ETSUP ) was announced . Since October 2021 the newly appointed ETSUP replaced TSUPIS of QIWI . The Company ensured a seamless transition of clients to the ETSUP . QIWI wallet remains a payment method for making bets and receiving winning payouts . • Factoring PLUS was rebranded into ROWI . 1 Total Net Revenue , adjusted EBITDA , adjusted EBITDA margin , adjusted Net profit , adjusted Net profit margin , financial results on a like - for - like basis in this release are " non - IFRS financial measures " . Please see the section " Non - IFRS Financial Measures and Supplemental Financial Information " for more details as well as reconciliation at the end of this release .