Nexi S.p.A : A solid release, conservative guidance and a still undemanding valuation
>Outperform recommendation reiterated after another robust release - The share gained 10% yesterday. Q3 was solid (2% > expectations on EBITDA). The deceleration in volumes in October is a point to watch but is not a reliable indicator of Q4 growth (the last week of October was just as dynamic in terms of volumes as Q3 and November and December make a much bigger contribution with Black Friday and the year-end celebrations). Moreover, we think that the guidance is co...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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