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BRIEF-Headhunter Group Q1 Net Income At RUB 562 Mln, Down 39.6% Y/Y

BY Reuters
— 7:22 AM ET 05/17/2022

May 17 (Reuters) - HeadHunter Group (HHR) says:

* Q1 REVENUE AT RUB 4.5 BLN VERSUS RUB 2.8 BLN YEAR AGO

* Q1 ADJUSTED NET INCOME AT RUB 1.4 BLN VERSUS RUB 817 MLN YEAR AGO

* NET DEBT AT END OF Q1 AT RUB 2.94 BLN, UP 141.9% COMPARED TO END-DEC., 2021

* Q1 ADJUSTED EBITDA IS UP 71.0% AND ADJUSTED EBITDA MARGIN IS UP 4.4 PPTS FROM 47.2% TO 51.6%

* Q1 NET INCOME IS DOWN 39.6% TO RUB 562 MILLION MAINLY DUE TO RECOGNITION OF IMPAIRMENT OF GOODWILL FOR ZARPLATA.RU

* UNCERTAINTY OVER FUTURE ECONOMIC DEVELOPMENT IN RUSSIA HAS AND MAY CONTINUE TO RESULT IN A DECREASE IN HIRING ACTIVITY OF OUR CUSTOMERS, WHICH WOULD ADVERSELY IMPACT OUR REVENUE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

More HHR News

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    GlobeNewswire - 9:40 AM ET 03/07/2022
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