Nexi S.p.A : First signs of recovery, major savings plan, still an attractive story to play structural growth in electronic payment
>Final Q1 2020 results slightly better than preliminaries - Nexi's final Q1 2020 results, reported yesterday afternoon, slightly beat the preliminary figures unveiled mid-April. Net sales and EBITDA came in at respectively € 225m (vs a preliminary estimate of € 220m), i.e. -0.5%, and € 115m (vs € 110m). The top line proved resilient thanks to 52% of recurring revenues from the installed base. EBITDA rose by 3.9%, thanks to a reduction in variable costs related to volu...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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