The payment systems company Nexi closes the first nine months of 2019 with an Ebitda of 368,5 million euros, showing organic growth of 19,2%, on revenues up 6,8%, to 718,4 million of Euro. The EBITDA margin was up 6 percentage points to 51% from a year ago.
In the third quarter alone, group Ebitda rose by 18%, to 135,6 million euros, on revenues improved by 5,5%, to 251,1 million. Revenues for the quarter amounted to 251,1 million, up 5,5% nominal and 6,7% net of the termination of some zero-margin hardware resale contracts from recent acquisitions, according to a note. Costs fell by 5,7% in the nine months to 349,9 million, while in the quarter by 6,2% to 115,5 million.
As at 30 September 2019, the net operating financial position was equal to 1,517 billion compared to 2,454 billion at the end of 2018 thanks to the contribution of the IPO and the generation of cash for the period.
