Italy · Delayed Price · Currency is EUR Nexi S.p.A. Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 1% revenue growth (5% underlying) and 2.6% EBITDA growth, with margin expansion and strong cost discipline. Guidance for 2026 is unchanged, expecting H2 acceleration in Merchant Solutions as headwinds ease, and a continued focus on AI-driven efficiencies.
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 margin expansion and strong cost control. Leverage fell to 2.5x, and €600 million will be returned to shareholders. 2025 guidance for low to mid-single digit revenue growth and margin expansion is reaffirmed.
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, with accelerated share buybacks and continued deleveraging. Macroeconomic softness is factored into outlook, and no Sabadell impact is included.