Nexi S.p.A : No surprises in 2019 results, consensus forecasts for 2020 EBITDA still do not fully factor in the real impact of Intesa’s integration
>FY 2019 results in line with forecasts, improvement on margins and an increase in commission rates - Yesterday afternoon, Nexi published its 2019 results. They came in very close to consensus forecasts for net revenue and EBITDA at, respectively, € 984m (+7.1% underlying and +5.7% on a reported basis) vs € 982m and € 502.5m for the consensus (+18.5%) vs a consensus forecast of € 503m. The EBITDA margin came in at 51.1% (vs 45.6% in 2018). The 2019 net debt/EBITDA rat...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.
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