Nexi 3Q Earnings, Revenue Rose as Digital Payments Pick Up
November 11 2021 - 7:23AM
Dow Jones News
By Mauro Orru
Nexi SpA said Thursday that earnings and revenue rose in the
third quarter, with trends showing an acceleration of digital
payments across sectors and geographies.
The Italian payments company said earnings before interest,
taxes, depreciation and amortization rose to 316.7 million euros
($363.7 million) from EUR276.3 million in the third quarter last
year.
Revenue for the period climbed to EUR598.9 million from EUR544.2
million. Nexi's merchant services and solutions business reported a
12.2% revenue increase to EUR375.4 million.
Total costs rose to EUR282.2 million from EUR267.8 million.
Nexi said that acquiring volumes in Italy continued to
accelerate, with Italian cards showing growth from 20% to 25%
compared with pre-Covid-19 levels.
Acquiring volumes in the Nordics came back to positive growth in
September from pre-Covid-19 levels, while acquiring volumes in the
DACH region--encompassing Germany, Austria, and Switzerland--are
still recovering, Nexi said.
For the year, Nexi continues to expect revenue growth of about
10%, and Ebitda growth between 11% and 13%.
At 1150 GMT, Nexi shares traded 3.3% higher at EUR15.17.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 11, 2021 07:08 ET (12:08 GMT)
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