Q2 2026 Nexi SpA Earnings Call Transcript
Key Points
- Nexi SpA (NEXXY) reported a steady underlying revenue growth of around 5% for the first half of 2026, consistent with previous expectations.
- The company generated EUR 400 million in excess cash, maintaining a strong cash conversion profile.
- Nexi SpA (NEXXY) successfully paid out EUR 350 million in dividends and reduced gross debt by over EUR 1 billion, demonstrating effective capital allocation.
- The company is actively participating in the Digital Euro program, positioning itself as a key infrastructure provider for future developments.
- Nexi SpA (NEXXY) is making progress in its strategic initiatives, particularly in the ISV space, enhancing its convergence of software and payments.
- Overall revenue growth was modest at 1% for the first half of 2026, reflecting challenges in achieving higher growth rates.
- The macroeconomic environment, particularly in Germany, showed signs of weakness, impacting consumer spending and volume growth.
- Merchant Solutions revenue experienced a decline, with a year-to-date performance of minus 0.8%, though showing signs of gradual recovery.
- The company faces ongoing pressure from bank contract effects, affecting both Merchant Solutions and issuing solutions.
- There is a noted softness in consumer spending in Germany, with the hospitality sector particularly affected, contributing to slower growth.
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Nexi first half 2026 financial results presentation. (Operator Instructions)
At this time, I would like to turn the conference over to Bernardo Mingrone, CEO of Nexi. Please go ahead, sir.
Good morning, everyone, and welcome back to our first half results call. I'm here today with Piergiorgio and Stefania. We will take you through our documents. And then at the end, we will open up the floor for Q&A as is usual. Let me start with a few introductory remarks with regards to the highlights of the first half.
I would say that the first half has been very much consistent throughout the first quarter and the second quarter. As you can see, revenues grew 1% overall, similar to what it was in the first quarter also for the second quarter. Importantly, our underlying growth is pretty steady at around 5% as we have discussed at length also during the Capital Markets Day
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