The businessman also spoke about his intention to retain the seat of the largest shareholder of the company.
The founder of TCS Group, Oleg Tinkov, believes that by 2023 the group’s net profit may almost double. The entrepreneur shared this forecast during his speech at the Investor Day, Forbes reports.
Read Bloomchain through your favorite social networks: Telegram, VK, FB
- Oleg Tinkov spoke about TCS Group’s intention to receive about $ 1 billion in net profit by 2023. Such a forecast can be realized, as the businessman jokingly noted, if the company is “helped by the ruble”.
- The founder of the organization expects the group’s income to grow by 20% every 12 months – until 2023. Recall that TCS Group’s net profit for 2020 amounted to 44.2 billion rubles.
- Oleg Tinkov also spoke about his intention to retain the position of the largest shareholder of the group. The entrepreneur’s family trust currently owns 35.1% of the TCS Group parent company.
- Other expectations for the development of the group until 2023 were shared by its CEO Oliver Hughes. According to him, the TCS Group team predicts the growth of the customer base from 9.1 million to 16.5 million recorded in 2020. Also, by the indicated period of time, representatives of the organization intend to bring the share of its non-banking profits to 35-50% of the total profitability indicators.
TCS Group Stock Chart
We will remind, recently, information appeared on the network that Tinkoff added the function of confirming payments by selfie to the application.
