QIWI - Qiwi ADSs climb after naming new CEO Q4 earnings CBR update

Qiwi (QIWI) ADSs rise 5.3% in premarket trading after naming a new CEO, reporting Q4 earnings and 2021 guidance, and updating on the restrictions the Russian Central Bank ("CBR") imposed after an audit in December.CBR permits Qiwi to resume processing payments to certain key foreign merchants and lifts some of the other restrictions imposed in December 2020.Qiwi believes that substantially all of the violations identified by the CBR have been remediated; as a result of the routine audit, the CBR's restrictions had included the suspension or limitation of most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts.Estimates the total impact on Payment Services segment net revenue for Q4 2020 was  RUB 500M-RUB 600M.For 2021, Qiwi expects total net revenue to fall 15%-25% Y/Y; Payment Services segment net revenue to fall 15%-25%; and adjusted net profit to decline by 15%-30%.Q4 total net revenue of RUB 6.24B ($84.5M)

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Qiwi ADSs climb after naming new CEO, Q4 earnings, CBR update