Third quarter up sharply for nexi. The company active in digital payments archives the period with revenues up 9,6% to 1,638 billion and an ebitda (Nexi-Nets perimeter) of 762,9 million euros, up 12,3% year on year. In the third quarter alone, Ebitda improved by 14,6% to 316,7 million and revenues by 10,1% to 598,9 million. After the publication of the accounts for the first nine months of 2021, the stock jumped over 4%, achieving the best performance of the Ftse Mib.
As of September 30, 2021 the net financial position management is equal to 4,142 billion and the net debt to ebitda ratio is equal to 3,9 times, an increase compared to the previous quarters following the closing of the transaction with Nets. The expectation of a closing by the end of the year for the acquisition of Sia has been confirmed.
Also in the first nine months of 2021, the volumes of acquiring transactions continue to grow, with a strong performance in Italy, while abroad the pre-Covid levels have not yet been reached even if a good recovery is being witnessed especially in the countries nordic. The performance of basic consumption was strong. The process of creating the "PayTech" continues and "the Competition and Market Authority has authorized the merger by incorporation of Sia into Nexi", reads a note from the group.
2021 guidance confirmed. In the absence of new important restrictions in the geographies in which it operates, Nexi expects revenue growth of approximately 10%, an EBITDA growth of between 11% and 13%; an ebitda margin up 1% year-on-year and 3% compared to 2019, a stable Capex/Revenue ratio year-on-year and strong organic cash generation with continued de-leverage in the medium term.
Nexi, on the occasion of the financial results, also announced that it had signed the binding agreement with Alpha Bank for the establishment of a strategic partnership for merchant acquiring activities in Greece.
