Earnings release
Page 1
nexi GROUP FINANCIAL RESULTS AS OF MARCH 31ST 2021 APPROVED . RESULTS AHEAD OF EXPECTATIONS . Revenues at € 258.6 million in 1Q21 , + 4.1 % Y / Y , + 5.3 % vs 1Q19 • EBITDA at € 139.8 million in 1Q21 , + 2.0 % Y / Y , + 9.2 % vs 1Q19 • Recovery in total volumes in the first quarter . Continued strong performance in Basic consumption and fast recovery in Discretionary consumption Volume acceleration from mid - April after the progressive easing of the restrictions . Acquiring volumes at + 7 % vs 2019 in the week May 4th - 10th , with Italian Cards at + 21 % vs 2019 • Journey for creating the European PayTech Leader progressing as planned . Nexi - Nets closing confirmed in 2Q21 and Nexi- SIA closing expected in 3Q21 . 2021 Ambition raised to high single digit / double digit Revenue growth Y / Y Milan , May 13th 2021 - The Board of Directors of Nexi S.p.A. approved the Group's consolidated financial results as of March 31st 2021 . As a preliminary remark , January and February of last year were not impacted by Covid - 19 while starting from March 2020 a hard lockdown was imposed at national level . Therefore a comparison with 2019 is also added to provide a clearer understanding of current performance and dynamics . Following the easing of restrictions imposed at a national level during the Christmas break , a steady recovery in transaction volumes has been observed in Italy since mid - January . Such recovery continued throughout February and until mid - March when , following a new surge in Covid - 19 cases led to new restrictions being imposed in many regions throughout the Country and causing a slight slow - down in acquiring volumes . Transaction volumes ( acquiring + issuing ) in the first quarter were equal to € 99 billion , + 1.1 % vs 1Q20 and -7.0 % vs 1Q19 . In the quarter , Basic consumption category confirmed a strong double digit growth performance ( + 21 % vs 1Q20 and + 40 % vs 1Q19 ) ¹ and a fast recovery in Discretionary spending was also recorded . E - commerce showed a strong acceleration in transaction volumes , + 63 % vs 1Q19 and + 30 % vs 1Q20 , net of high impact consumption sectors ( i.e. travel / tourism related sectors , 1 Data include International schemes only for Nexi Payments , International and national schemes for MePS . Sales volumes only Nexi SpA 1 Corso Sempione 55 , 20149 Milan , Italy T. +39 02 3488.1 F. +39 02 3488.4180⚫www.nexi.it Milan , Monza Brianza and Lodi Registry of Companies , Tax Code 09489670969 Representative of the Nexi VAT Group - VAT 10542790968 Milan Register of Economic Activities ( REA ) 2093618⚫ Share Capital € 57.070.707,00 i.v.