Italy · Delayed Price · Currency is EUR Nexi S.p.A. Earnings Call Transcripts
Fiscal Year 2026
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Nine-month revenue grew 1.1% reported and ~4% underlying, with Q3 acceleration led by Merchant Solutions. 2026 guidance was confirmed, supported by cost discipline despite macro and bank-contract headwinds.
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Revenues grew 1% year-over-year in H1 2026, with EBITDA stable and strong cash generation of €400 million. Guidance for full-year revenues, EBITDA, and excess cash is reaffirmed, despite macro softness in Germany and ongoing bank contract migrations.
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Q1 2026 saw 1% revenue growth (5% underlying) and 2.6% EBITDA growth, with margin expansion and strong cost control. Guidance for 2026 is unchanged, expecting H2 acceleration in Merchant Solutions as headwinds ease. Dividend policy of at least 5% annual growth is reaffirmed.
Fiscal Year 2025
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Revenue and EBITDA grew steadily, with strong cash generation and reduced leverage. Guidance points to mid-single-digit growth by 2028, margin expansion, and increased dividends, while investments focus on SMEs, eCommerce, and technology.
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Profitable growth continued with revenues up 2.8% for nine months, despite headwinds from bank contract discontinuities. EBITDA margin expanded, cash generation remains strong, and guidance for low to mid-single digit revenue growth and margin expansion is confirmed.
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Revenue grew 3.4% and EBITDA rose 5.2% in H1 2025, with strong cash generation and margin expansion. Full-year guidance is confirmed, supported by resilient performance across regions, successful bank contract renewals, and ongoing shareholder returns.
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Q1 2025 saw 3.7% revenue growth and 7.1% EBITDA growth, with strong cost control and margin expansion. Guidance for 2025 is reaffirmed, with continued capital returns and deleveraging, while segment performance was led by Merchant Solutions and strategic focus on SMEs and mid-corporates.
Fiscal Year 2024
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Reported 5.1% revenue and 7.1% EBITDA growth in 2024, with excess cash up 19% to EUR 717 million. 2025 guidance targets over EUR 800 million excess cash, a 20% increase in shareholder returns, and continued margin expansion despite extraordinary events.
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Revenue and EBITDA grew solidly year-to-date, with margin expansion and strong SME-driven Merchant Solutions performance. 2024 guidance is reaffirmed despite macro softness, with capital returns and efficiency initiatives supporting future growth.
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Revenue grew 5.9% and EBITDA rose 8% in H1 2024, with strong cash generation and margin expansion. Guidance for the year is reaffirmed, targeting >EUR 700 million excess cash and further deleveraging, while capital returns are accelerated via a EUR 500 million buyback.