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    NEXI   IT0005366767

NEXI S.P.A

(NEXI)
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Delayed Borsa Italiana  -  11:35 2022-06-27 am EDT
8.054 EUR   -2.73%
06/17Nexi to Purchase Merchant Acquiring Business in Croatia For $189 Million
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06/17Italy's Nexi buys Intesa's Croatian retailer payment business for $189 million
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06/17NEXI S P A : Group signs a long term strategic agreement with Intesa Sanpaolo regarding the merchant acquiring business in Croatia
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Rebound in tourism drive revenue, profits at Italy's Nexi

05/12/2022 | 09:03am EDT
FILE PHOTO: The logo of Italian payments group Nexi is pictured inside their headquarters in Milan

MILAN (Reuters) - Italian payments group Nexi on Thursday stuck to its 2022 outlook after reporting a 7.1% rise in first quarter revenue as recovering tourist flows drove "higher impact" transactions such as hotel bills.

Nexi, which is one of Europe's biggest payments firm along with France's Worldline, said volumes at its merchants' transactions business were up 38% in April, with a 162% jump in big ticket items mostly linked to travel.

The travel component in Nexi's merchant acquiring business rebounded in the first quarter to account for three-quarters of the group's pre-pandemic volume levels.

First quarter revenues totalled 712.6 million euros despite Italy easing COVID-19 restrictions later than other countries.

Earnings before interest, tax, depreciation and amortisation rose 17.4% year-on-year to 307.5 million euros. The EBITDA margin improved by 4 percentage points from a year ago to 43%.

Nexi said that, barring a worsening in the Ukraine crisis and assuming an exit from the pandemic in the second quarter of 2022, it confirmed an ambition for revenues to grow between 7% and 9% in the full year with the core profit up between 13% and 16%.

Nexi, which has been expanding fast through acquisitions and last year completed a merger with domestic rival SIA and Nordic peer Nets, said earlier on Thursday it had acquired 100% of Orderbird, a German company that supplies cloud-based software services to businesses in the hospitality sector to handle, for example, bookings.

The overall investment is of 100 million euros considering stakes Nexi had acquired previously.

(Reporting by Valentina Za; Editing by Keith Weir)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
NEXI S.P.A -2.73% 8.054 Delayed Quote.-40.81%
WORLDLINE -2.15% 37.7 Real-time Quote.-21.38%
All news about NEXI S.P.A
06/17Nexi to Purchase Merchant Acquiring Business in Croatia For $189 Million
MT
06/17Italy's Nexi buys Intesa's Croatian retailer payment business for $189 million
RE
06/17NEXI S P A : Group signs a long term strategic agreement with Intesa Sanpaolo regarding th..
PU
06/15Italy's Nexi Sells Norwegian Invoice Distribution Business To AnaCap Financial Partners
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06/14UniCredit hires former MPS, Nexi executive as No.2 for digital
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06/14NEXI S P A : Inside Information / Ad Hoc Information
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06/14Euronext to Buy Nexi's Capital Markets Technology Businesses for $60 Million
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06/14Euronext to Buy Technology Businesses From Nexi for EUR57 Million
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06/14Euronext Group agreed to acquire MTS technology business from Nexi S.p.A. for €57 ..
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06/14Borsa Italiana S.p.A. and MTS S.p.A. signed an agreement to acquire Technology business..
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Financials
Sales 2022 3 296 M 3 497 M 3 497 M
Net income 2022 226 M 240 M 240 M
Net Debt 2022 4 066 M 4 314 M 4 314 M
P/E ratio 2022 44,8x
Yield 2022 0,41%
Capitalization 10 562 M 11 206 M 11 206 M
EV / Sales 2022 4,44x
EV / Sales 2023 3,93x
Nbr of Employees 2 014
Free-Float 63,3%
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Number of Analysts 18
Last Close Price 8,05 €
Average target price 16,07 €
Spread / Average Target 99,5%
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Managers and Directors
Paolo Bertoluzzo Chief Executive Officer
Bernardo Mingrone Chief Financial Officer
Michaela Castelli Non-Executive Director
Giuseppe Dallona Chief Information Officer
Federico Ferlenghi Head-Operations & Help Line
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