MILAN (Reuters) – Italy’s Nexi said on Thursday core profit of the payments group combined with Nets and SIA would grow between 13% and 16% this year, after 2021 results came in line with targets.
Nexi’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 12.1% to 1.09 billion euros ($1.25 billion) last year. The result does not include SIA as the tie-up was finalised at the end of the year.
The company said its 2021 revenues were up 10% at 2.27 billion euros, after fourth-quarter transaction volumes grew despite new restrictions linked to the Omicron variant.
Nexi sees 2022 revenues up between 7% and 9% this year.
($1 = 0.8747 euros)
(Reporting by Elisa Anzolin)
