Earnings Report /
Global

QIWI: Reports unimpressive 1Q21 numbers, reiterates cautious guidance – Neutral

  • QIWI reported expectedly unimpressive 1Q21 results with total net revenue 18% and PS net revenue 11% below 1Q20

  • Payment Services enter negative zone with the net revenue down 11% y/y

  • Healthy mid-teens growth in Corporate and Other, though losses deepen q/q

Alfa
20 May 2021
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