By Mauro Orru
Nexi SpA on Friday backed its outlook for the year after posting higher earnings and revenue for the second quarter as travel volumes exceeded pre-pandemic levels.
The Italian payments company said earnings before interest, taxes, depreciation and amortization--a key profitability measure--climbed to 395 million euros ($402.8 million) from EUR327.9 million last year.
Revenue for the period increased to EUR808.2 million from EUR733.6 million. Nexi's merchant services and solutions business reported a 15.8% revenue jump to EUR430.6 million.
Total costs rose to EUR413.3 million from EUR405.8 million.
The company said acquiring volumes in Italy rose double-digit compared to last year. Acquiring volumes also grew in the Nordics as well as in Germany, Austria and Switzerland.
For 2022, Nexi continues to target net revenue growth between 7% and 9% year-on-year, with double?digit growth in its merchant services and solutions business. It also expects Ebitda growth between 13% and 16% year-on-year.
Write to Mauro Orru at email@example.com; @MauroOrru94
(END) Dow Jones Newswires