Nexi S.p.A : A very good Q1 which should prompt an upward revision to forecasts for 2021, but upside remains
>Growth of 4% in Q1 2021, above expectations - Yesterday afternoon, Nexi published Q1 2021 results that beat forecasts. Net revenue was up +4% y-o-y (+5.3% vs Q1 2019) to € 258.6m vs € 249m for the consensus. Transaction volumes represented € 99bn, up 1.1% y-o-y (-7% vs Q1 2019). The merchant services & solution activity (50% of revenue) was stable. Cards & digital payments (38% of revenue) was up 6.8% to € 92.6m. Digital banking solutions (12% of revenue) posted gro...Nexi SpA. Nexi SpA is an Italy-based financial technology company. The Company is specialized in the payment technology field offering digital services and infrastructure to banks, businesses, institutions and the public administration.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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