Nexi 4Q EBITDA EUR451.6M

Nexi SpA, an Italian payments company, expects earnings and revenue to increase in 2023. This is after it reported rises in both metrics for the fourth quarter of 2020.

Nexi 4Q EBITDA EUR451.6M

Nexi SpA stated Tuesday that it expects earnings to rise and revenue will increase in 2023, after reporting increases in both metrics in the fourth quarter last year due to double-digit volume growth across all regions.

According to the Italian payments company, earnings before interest taxes, depreciation, and amortization increased 8.7% to 451.6million euros ($482.6 Million). Revenue rose by 4% to EUR879.5million.

Total costs declined 0.5% to EUR427.8 million.

For 2023, Nexi targets net revenue growth of more than 7% and Ebitda growth of more than 10%. The company said volume growth accelerated to 17% in the year to date.