Q1 2025 Nexi SpA Earnings Call Transcript
Key Points
- Nexi SpA (NEXXY) reported a 3.7% increase in revenue for the first quarter of 2025, with Merchant Solutions up 4.5% despite calendar effects.
- The company achieved strong cost efficiency, with costs growing only 0.8%, leading to a 7.1% increase in EBITDA and a margin expansion of 150 basis points.
- Nexi SpA (NEXXY) signed a strategic partnership with Planet in the hospitality vertical, starting in the Nordics and expanding to Italy and DACH.
- The company is returning EUR600 million to shareholders in 2025, a 20% increase from last year, through dividends and a share buyback program.
- Nexi SpA (NEXXY) was upgraded to investment grade by Standard & Poor's and Fitch, enhancing its financial flexibility and market access.
- The company faces headwinds from the exit of certain banking clients, which will impact revenue and margins throughout the year.
- There is a cautious outlook on macroeconomic conditions, with potential softness in discretionary spending affecting volume trends.
- Nexi SpA (NEXXY) anticipates increased costs in the latter part of the year due to the unwinding of previous personnel cost reductions.
- The company is experiencing some negative impacts from the loss of a Time Banking client and other client exits in Germany.
- Despite strong first-quarter performance, the company expects softer top-line growth in subsequent quarters due to planned phasing effects.
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Nexi first quarter 2025 results presentation. (Operator Instructions)
At this time, I would like to turn the conference over to Paolo Bertoluzzo, CEO of Nexi. Please go ahead.
Thank you, and good morning. Good morning to everyone. Welcome to our call for the first quarter of 2025 results. As usual, I'm here with Bernardo Mingrone, our Deputy GM and CFO; and Stefania Mantegazza, who leads our Investor Relations operations and a number of other colleagues in case we need their support to answer to your questions.
Today, as usual, we start with an overview of the key messages, and then I will hand over to Bernardo that will cover results for the quarter, but we'll also deep dive on the topic that we have chosen for today, which is actually our progress on debt more in general capital structure management. And then we come back for conclusions and most
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
