Q1 revenue 781.6 mln eur, up 6.0% (Il Sole 24 Ore Radiocor) - Milan, 09 May - The Italian payment systems provider Nexi said that in the first quarter EBITDA rose 8.6% to 361.7 million euros as revenue grew 6.0% to 781.6 million, leading to a 1.12 expansion in EBITDA margin.

The company confirmed its full-year guidance.

Nexi expects net mid-single digit revenue growth and an EBITDA growth rate of mid-to-high single digit, leading to a margin expansion of over 1.00 percentage points.

It also anticipates excess cash generation of more than 700 million euros.

Net leverage is forecast to decrease to below 2.9 times including the impact of M&A and share buybacks The company announced the launch today of an up to 500 million euro share buyback to be completed by October 31, 2025.

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(RADIOCOR) 09-05-24 08:36:43 (0176) 5 NNNN