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Share Name | Share Symbol | Market | Type |
---|---|---|---|
NexImmune Inc | NASDAQ:NEXI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.93 | 3.46 | 3.51 | 0 | 01:00:00 |
The Board of Directors of Nexi S.p.A. approved on May 8th the Group’s consolidated financial results as of March 31st 2024.
Key consolidated financial managerial results1
In 1Q24 the Group delivered revenues at € 781.6 million, +6.0% versus 1Q23, and EBITDA at € 361.7 million, +8.6% versus 1Q23. The EBITDA margin was at 46%, up by 112 basis points compared to 1Q23, also thanks to the accelerating efficiencies and cost synergies delivery on the back of Group integration.
Nexi Group’s operating businesses delivered the following results in 1Q24:
In 1Q24, Total Costs were at € 419.9 million, with a growth of 3.8% Y/Y mainly thanks to the operating leverage and to synergies and efficiencies, as well as some phasing effects, despite volume and business growth and inflationary pressure.
As of March 31st 2024, the Net Financial Debt was down to € 5,035 million, while the Net Financial Debt / EBITDA ratio decreased at 2.8x. The weighted average debt maturity is ~2.8 years with an average pre-tax cash cost of debt, stable versus FY23, of ~2.86%. With reference to the ~€ 1.3 billion of 2024-2025 debt maturities, Nexi confirms its plan to fully pay down them with the existing cash; in particular, ~€ 220 million have been already reimbursed in April 2024.
2024 Guidance confirmed
For 2024, considering the persistent complex macro-outlook, Nexi confirms the following targets:
Significant subsequent events
Pursuant to paragraph 2 of article 154 bis of the Consolidated Finance Act, the undersigned, Enrico Marchini, in his capacity as the manager in charge of preparing Nexi’s financial reports, declares that the accounting information contained in this press release corresponds to the accounting documents, books and records of Nexi S.p.A..
Disclaimer: This is the English translation of the original Italian press release “Approvati i risultati finanziari di Gruppo al 31 marzo 2024”. In any case of discrepancy between the English and the Italian versions, the original Italian document is to be given priority of interpretation for legal purposes.
Nexi
Nexi is Europe's PayTech company operating in high-growth, attractive European markets and technologically advanced countries. Listed on Euronext Milan, Nexi has the scale, geographic reach and abilities to drive the transition to a cashless Europe. With its portfolio of innovative products, e-commerce expertise and industry-specific solutions, Nexi provides flexible support for the digital economy and the entire payment ecosystem globally, across a broad range of different payment channels and methods. Nexi’s technological platform and the best-in-class professional skills in the sector enable the company to operate at its best in three market segments: Merchant Solutions, Issuing Solutions and Digital Banking Solutions. Nexi constantly invests in technology and innovation, focusing on two fundamental principles: meeting, together with its partner banks, customer needs and creating new business opportunities for them. Nexi is committed to supporting people and businesses of all sizes, transforming the way people pay and businesses accept payments. It offers companies the most innovative and reliable solutions to better serve their customers and expand. By simplifying payments and enabling people and businesses to build closer relationships and grow together, Nexi promotes progress to benefit everyone. www.nexi.it/en www.nexigroup.com
1 2023 and 2024 pro-forma normalised managerial data at constant scope and FX (average 2024 budget FX).
View source version on businesswire.com: https://www.businesswire.com/news/home/20240508329060/en/
Nexi - External Communication & Media Relations
Daniele de Sanctis daniele.desanctis@nexigroup.com Mobile: +39 346 0151000
Matteo Abbondanza matteo.abbondanza@nexigroup.com Mobile: +39 348 4068858 Søren Winge soeren.winge@nexigroup.com Mobile: +45 29482635
Danja Giacomin danja.giacomin@nexigroup.com Mobile: +39 334 2256777
Nexi - Investor Relations Stefania Mantegazza stefania.mantegazza@nexigroup.com Mobile: +39 335 5805703
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