HeadHunter IFRS net profit rises 35% to 2 bln rbl in Oct–Dec

MOSCOW, Mar 7 (PRIME) -- The net income of Russian online recruiting platform HeadHunter increased by 34.5% on the year to 2.039 billion rubles in October–December 2022, as calculated under International Financial Reporting standards (IFRS), the company said on Tuesday in a statement.

Revenue rose by 9.1% to 4.938 billion rubles, and Russia segments revenue went up by 8.4% to 4.579 billion rubles.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 17.2% to 2.594 billion rubles. The adjusted EBITDA margin added 3.6 percentage points to 52.5%.

“Given the high uncertainty concerning future geopolitical developments and the macro environment, our visibility over the short- and medium-term is limited and we remain unable to provide any forward-looking outlook at this stage. Adversity in the macro environment may result in a decrease in hiring activity of our customers, which would adversely impact our revenue,” the company said.

(75.4728 rubles – U.S. $1)

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