Earnings release
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nexi ● Combined Nexi + Nets revenues at € 1,638.4 million in 9M21 , + 9.6 % Y / Y ; € 598.9 million in 3Q21 , + 10.1 % Y / Y ● ● GROUP FINANCIAL RESULTS AS OF SEPTEMBER 30TH 2021 APPROVED VOLUME AND GROWTH ACCELERATION ACROSS GEOGRAPHIES ● Combined Nexi + Nets EBITDA at € 762.9 million in 9M21 , + 12.3 % Y / Y ; € 316.7 million in 3Q21 , + 14.6 % Y / Y . Continued EBITDA Margin expansion • Journey for creating the European PayTech Leader is well progressing . Antitrust approval received for the merger by incorporation of Sia into Nexi . Closing expected by year - end Continued volume recovery and acceleration across geographies in 3Q21 , with strong performance in Italy , sustained growth in the Nordics , and the DACH region still recovering driven by strong basic consumption growth Confirmed combined Nexi + Nets 2021 ambition with expected revenue growth at c . + 10 % Y / Y and expected EBITDA growth between + 11 % to + 13 % Y / Y Milan , November 11th 2021 - The Board of Directors of Nexi S.p.A. approved the Group's consolidated financial results as of September 30th 2021 . In the third quarter of 2021 the Group reported the first set of combined results delivering strong financial results and volume recovery as restrictions eased progressively at a mixed pace across geographies . In particular in Italy acquiring volumes¹ continued to accelerate . Italian Cards showed a strong double - digit growth ranging from + 20 % to + 25 % compared to pre - Covid levels , while Foreign Cards , recovered fast and almost reached 2019 levels in August , although now still negative . Basic consumptions confirmed a solid growth , Discretionary consumptions continued their recovery trend and , finally , High impact consumptions strongly accelerated ( in particular restaurants and bars ) . Nexi SpA In the Nordics , acquiring volumes came back to positive growth in September versus pre Covid level , with a strong performance in Basic consumption category growing by 36 % versus 2019 . In the DACH region , the acquiring volumes are still recovering , with strong Basic consumption growth at + 28 % in October versus 2019. Discretionary consumption category came back to positive growth in October , while High impact consumption category was still affected by restrictions . ¹ Sales volumes only . For Italy ( Nexi perimeter ) data include International schemes only . National schemes included only for ISP merchant book . For Nordics and DACH region ( Nets perimeter ) data include regular business and International schemes only . 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 € 94,036,905.00 i.v.