Italy's Nexi confirms guidance after earnings meet forecasts

📆 9/11/2566 14:07:00
📰 ChannelNewsAsia

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MILAN : Italy's Nexi on Thursday confirmed its 2023 guidance after meeting forecasts with quarterly revenue and core profit though slower summer activity this year compared with 2022 curbed growth at its core shopowners' payments business.

FILE PHOTO: The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. REUTERS/Alessandro Garofalo/File Photo

Nexi said it had sold ID, a system to verify users' online identity and data, which it had lined up for disposal during its latest capital markets day to streamline its operations. Nexi's earnings before interest, tax, depreciation and amortisation came in at 495.8 million euros , fractionally ahead of analyst forecasts. Revenues totalled 872 million euros, in line with expectations.

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