Second Quarter 2020 financial and operational highlights
(1) “RUB” or “₽” refer to the Russian ruble in this edition.(2) “USD” or “$” refer to the US dollar in this edition.(3) Percentage movements and some other figures in this edition.possibly not recalculated accurately due to rounding.In fact, the percentages and/or figures contained in this document are calculated based on actual numbers and not the rounded numbers presented.(4) Dollar translations are included only for the convenience of the reader and were calculated at the exchange rate indicated through the Central Bank of Russia as of June 30, 2020 (69,9513 RUB to USD 1).(5) Adjusted EBITDA, adjusted EBITDA margin, adjusted net source of income, and adjusted net source of income margin are non-IFRS measures.See “Using Non-IFRS Monetary Measures” in this press release for a description of these measures and a reconciliation with the nearest IFRS measure.
(1) Net working capital, net debt and adjusted net debt/EBITDA ratio are non-IFRS monetary measures.See “Using Non-IFRS Monetary Measures” in this press release for a description of these measures and a reconciliation with the nearest one.IFRS measurement. (2) For the purpose of calculating this index as of June 30, 2020, adjusted EBITDA is calculated year by year.
Seasonality
Second Quarter 2020 Results
Our revenue amounted to EUR 1,534 million for the 3 months ended June 30, 2020, compared to 1902 million euros for the quarter ended June 30, 2019.Revenues for the 3 months ended June 30, 2020 minimized by 368 million euros, 19.3%, basically due to a minimisation in the number of consumers paying our small and medium-sized accounts in our “Russia” segment of 29.1% in Moscow and St. Petersburg and 16.3% in other regions of Russia, due to the fall in business.activity due to Covid Pandemic19.
The following table shows revenue damaged by visitors and regions:
In the following table, the number of payment consumers and ARPC during the specified periods:
Operating prices and expenses (excluding depreciation)
Operating expenses and expenses (excluding depreciation and amortization) amounted to EUR 951 million for the 3 months ended on 30 June 2020 to EUR 1,132 million for the 3 months ended June 30, 2019, a minimum of EUR 181 million or EUR 16.0%.
Personal expenses
Staff prices minimized by 52 million euros, or 8.7%, for the 3 months ended June 30, 2020 compared to the 3 months ended June 30, 2019, basically due to (i) a minimisation in inventory repayment and similar social tax of 32 million pounds; (ii) an IPO-like PRIMA of thirteen million euros at the time of the 2019 quarter, not at the time quarter of 2020; and (iii) a minimisation of bonuses, other benefits and corporate occasions as a component of our charge relief initiatives, offset by a component manner through an increase in wages due to wage indexation in the first quarter of 2020 and a workforce increase of 747 from June 30, 2019 to June 778 to June 30, 2020.
Despite the body’s minimization of worker costs, they increased as a percentage of the gain from 31.1% at the time of the 2019 quarter to 35.2% at the time of the 2020 quarter due to the minimisation of profit.
Marketing costs
Cash flow
The following table presents the abstract statements of money flows for the indicated periods:
Net money generated by operating activities
Second Quarter 2020 Financial Results Conference
Conference information
We will hold a conference call and a webcast to discuss the effects at 9:00 a.m. Eastern US time.U.S.(4:00 p.m., Moscow time, 2:00 p.m. London time) on 27 August 2020.
To participate in the convening of the convention, use the following information:
Webcast:
https://edge.media-server.com/mmc/p/wryfqdnx
Contacts:
Media Requests: Alexander Dzhabarov Phone: 7926687-2624 Email: [email protected]
About HeadHunter Group PLC
HeadHunter is the leading online hiring platform in Russia and the Commonwealth of Independent States, which aims to offer comprehensive skills acquisition services such as a giant resume database, task offerings (classified platform) and a portfolio of value-added services.
USE OF NON-IFRS FINANCIAL MEASURES
Unudited condensed consolidated intermediate from source of income and comprehensive source of income
(thousands of RUB and USD, according to consistent percentage amounts)
Unudited condensed interim monetary statement
As in many cases,
For the six months ended
Reconciliations of non-IFRS monetary measures with the closest comparable IFRS measures
Reconciliation of the net source of income with EBITDA and adjusted EBITDA, the directly comparable maximum IFRS monetary measure:
(1) Represents non-monetary expenses similar to percentage awards issued under the Management Incentive Agreement, and percentages paid in percentages issued to board members and similar social taxes, which are payable as a resident tax in Russia in June 2019.(2) As a component of our initial public provision in May 2019, we incur expenses similar to legal, accounting and other professional fees that are not representative of our existing expenses.(3) After and in connection with our initial public offering, we have taken out an insurance policy D
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1 Designates International Financial Reporting Standards through the International Accounting Standards Council (“IASB”).
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