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HeadHunter Group PLC HHRU

HeadHunter Group PLC Income Statement 2022-2017 | HHRU

Brief overview of profit and loss at HeadHunter Group PLC

This overview is based on financial performance over the past five years. Revenue reported by HeadHunter Group PLC was 4.7 billion rubles at the beginning of the period and 18.1 billion rubles at the end. Across the full period, sales moved by +282%; the average annual rate was 30.7%. Revenue growth reflects a pronounced phase of business expansion.

Gross profit changed from 4.6 billion rubles to 17.6 billion rubles (+281%). Cost of revenue developed less favorably than sales and pressured gross profitability. At the margin level, the figure shifted from 97.5% to 97.3%. The economics of the core business remained steady.

EBITDA changed from 2 billion rubles to 8.5 billion rubles (+321.2%). Additional revenue translated efficiently into EBITDA. The EBITDA share of revenue changed from 42.6% to 47%. The increased EBITDA share is a positive sign.

Net profit was 464 million rubles at the start and 3.7 billion rubles at the end. Net income grew faster than revenue, indicating improved overall efficiency.

Market capitalization changed from 46.4 billion rubles to 46.6 billion rubles (+0.5%). The valuation did not keep pace with the reported progress.

Conclusion

The financial trajectory looks strong and well balanced. The positive side is supported by a stronger final result, consistent sales economics and sales growth. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement HeadHunter Group PLC

2022 2021 2020 2019 2018 2017

Revenue

18.1 B 16 B 8.28 B 7.79 B 6.12 B 4.73 B

Cost Of Revenue

495 M 430 M 195 M 186 M 188 M 118 M

Gross Profit

17.6 B 15.5 B 8.09 B 7.6 B 5.93 B 4.62 B

Gross Profit Ratio

0.97 0.97 0.98 0.98 0.97 0.98

General and Administrative Expenses

6.78 B 5.13 B 3.27 B 2.9 B 2.21 B 1.9 B

Selling And Marketing Expenses

2.41 B 2.11 B 1.11 B 1.05 B 940 M 693 M

Selling General And Administrative Expenses

9.19 B 7.24 B 4.38 B 3.95 B 3.15 B 2.6 B

Other Expenses

1.48 B 1.34 B 869 M 851 M 677 M -

Operating Expenses

10.7 B 8.59 B 5.25 B 4.8 B 3.83 B 3.23 B

Cost And Expenses

11.2 B 9.02 B 5.44 B 4.98 B 4.02 B 3.35 B

Interest Expense

795 M 660 M 410 M 603 M 644 M 706 M

Depreciation And Amortization

1.57 B 1.67 B 808 M 753 M 586 M 561 M

EBITDA

8.49 B 8.59 B 3.73 B 3.51 B 2.77 B 2.02 B

EBITDA Ratio

0.47 0.54 0.44 0.46 0.45 0.43

Operating Income

6.92 B 6.95 B 2.84 B 2.81 B 2.1 B 1.38 B

Operating Income Ratio

0.38 0.44 0.34 0.36 0.34 0.29

Income Before Tax

5.24 B 6.87 B 2.57 B 2.23 B 1.54 B 1.28 B

Income Before Tax Ratio

0.29 0.43 0.31 0.29 0.25 0.27

Income Tax Expense

1.54 B 1.37 B 686 M 644 M 510 M 821 M

Net Income Ratio

0.2 0.34 0.21 0.19 0.16 0.08

Earnings Per Share, EPS

72.7 107 - 29 19 8

EPS Diluted

72.7 104 - 28.4 19 8

Weighted Average Shares Outstanding

50.3 M 50.5 M - 50 M 50 M 50 M

All numbers in RUB currency

Quarterly Income Statement HeadHunter Group PLC

2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4

Revenue

5.55 B 4.94 B 4.74 B 3.95 B 4.45 B 4.53 B 4.69 B 3.91 B 2.84 B 2.45 B 2.31 B 1.53 B 1.99 B 2.07 B 2.14 B 1.9 B 1.68 B 1.68 B

Cost Of Revenue

131 M 159 M 135 M 93.8 M 107 M 149 M 118 M 112 M 50.4 M 63.9 M 52.9 M 40.6 M 37.2 M 59.5 M 47.4 M 34.6 M 44.9 M 65.5 M

Gross Profit

5.42 B 4.78 B 4.61 B 3.86 B 4.34 B 4.38 B 4.57 B 3.8 B 2.79 B 2.39 B 2.26 B 1.49 B 1.95 B 2.01 B 2.09 B 1.87 B 1.63 B 1.62 B

Gross Profit Ratio

0.976 0.968 0.972 0.976 0.976 0.967 0.975 0.971 0.982 0.974 0.977 0.973 0.981 0.971 0.978 0.982 0.973 0.961

General and Administrative Expenses

1.81 B 1.76 B 1.62 B 1.73 B 1.68 B 1.58 B 1.26 B 1.29 B 1.01 B 1 B 867 M 656 M 750 M 758 M 700 M 837 M 605 M 566 M

Selling And Marketing Expenses

641 M 584 M 496 M 712 M 619 M 749 M 564 M 359 M 442 M 318 M 235 M 234 M 318 M 274 M 293 M 222 M 258 M 208 M

Selling General And Administrative Expenses

2.45 B 2.34 B 2.12 B 2.44 B 2.3 B 2.33 B 1.82 B 1.64 B 1.45 B 1.32 B 1.1 B 890 M 1.07 B 1.03 B 993 M 1.06 B 863 M 774 M

Other Expenses

371 M 356 M 377 M 373 M 372 M 110 M 18.8 M 15 M 13.1 M 13.8 M 13.4 M 10.9 M 9.69 M 10.3 M 8.61 M 4.93 M 191 M 171 M

Operating Expenses

2.82 B 2.7 B 2.49 B 2.81 B 2.67 B 2.67 B 2.15 B 2.02 B 1.76 B 1.55 B 1.32 B 1.09 B 1.29 B 1.26 B 1.22 B 1.27 B 1.05 B 945 M

Cost And Expenses

2.95 B 2.85 B 2.63 B 2.9 B 2.78 B 2.82 B 2.26 B 2.13 B 1.81 B 1.61 B 1.37 B 1.13 B 1.32 B 1.32 B 1.26 B 1.3 B 1.1 B 1.01 B

Interest Expense

167 M 165 M 176 M 231 M 223 M 179 M 173 M 157 M 151 M 97.9 M 92.6 M 103 M 119 M 133 M 145 M 157 M 168 M 160 M

Depreciation And Amortization

290 M 510 M 316 M 351 M 368 M 280 M 259 M 289 M 238 M 195 M 187 M 184 M 184 M 178 M 172 M 169 M 165 M 147 M

EBITDA

3.34 B 2.59 B 2.41 B 1.4 B 2.04 B 2.13 B 2.75 B 2.14 B 1.57 B 1.05 B 1.13 B 584 M 946 M 931 M 1.08 B 775 M 748 M 842 M

EBITDA Ratio

0.543 0.525 0.513 0.354 0.459 0.478 0.588 0.545 0.554 0.433 0.494 0.381 0.438 0.45 0.498 0.415 0.459 0.502

Operating Income

2.72 B 2.08 B 2.11 B 1.05 B 1.67 B 1.71 B 2.43 B 1.78 B 1.03 B 836 M 938 M 399 M 667 M 745 M 879 M 601 M 580 M 672 M

Operating Income Ratio

0.49 0.422 0.446 0.265 0.376 0.377 0.517 0.456 0.364 0.341 0.406 0.26 0.335 0.361 0.41 0.316 0.345 0.399

Income Before Tax

2.88 B 2.5 B 1.94 B -222 M 1.02 B 1.67 B 2.32 B 1.69 B 1.18 B 765 M 849 M 314 M 643 M 598 M 762 M 450 M 416 M 535 M

Income Before Tax Ratio

0.519 0.506 0.41 -0.056 0.229 0.37 0.494 0.433 0.417 0.312 0.368 0.205 0.323 0.289 0.356 0.237 0.248 0.318

Income Tax Expense

677 M 459 M 530 M 98.4 M 457 M 158 M 548 M 414 M 254 M 115 M 264 M 75 M 231 M 102 M 191 M 175 M 177 M 146 M

Net Income Ratio

0.394 0.411 0.295 -0.081 0.124 0.336 0.365 0.322 0.316 0.254 0.236 0.143 0.183 0.225 0.248 0.127 0.125 0.216

Earnings Per Share, EPS

43.5 40.3 27.9 -6.38 11 30 33.8 24.9 17.9 12.3 10.8 4.37 7.27 9.32 10.6 4.83 4.19 7.27

EPS Diluted

42.5 39.5 27.2 -6.38 10.7 30 33 24.3 17.3 12 10.6 4.24 7.05 9.04 10.3 4.75 4.19 7.27

Weighted Average Shares Outstanding

50.3 M 50.3 M 50.3 M 50.3 M 50.3 M 50.6 M 50.6 M 50.5 M 50.3 M 50.5 M 50.3 M 50.2 M 50 M 50 M 50.1 M 50 M 50 M 50 M

All numbers in RUB currency

The income statement is one of the three key financial reports of a company HeadHunter Group PLC (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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