Nexi plunges close to record lows after cautious FY margin outlook

Nexi

05/11/2025 08:54

** Shares in Italy's Nexi NEXII.MI are down 6.2% at 08:38 GMT after posting Q3 core profit slightly below its company-provided consensus and adopting a more cautious tone on FY margin outlook

** The payments group confirmed its 2025 targets, but noted the magnitude of the forecast margin expansion "will depend on the volume and revenue mix in 4Q25"

** "We believe that the current trend could lead to reaching the lower end of the guidance, leaving, in our opinion, good visibility on the continuation of a robust remuneration policy," broker Equita said in a note

** A Milan-based trader also attributes the shares drop to the cautious outlook

** The stock fell as much as 9.9% and is approaching its record low seen on April 7

** Shares are down by close to 22% YTD, including today's fall

 (Reporting by Enrico Sciacovelli)

 ((enrico.sciacovelli@thomsonreuters.com))