Nexi posts Q3 earnings above consensus, confirms guidance
Nexi posts Q3 earnings above consensus, confirms guidance Nov 5 (Reuters) - Italian payments group Nexi NEXII.MI reported third-quarter core earnings above expectations on Thursday, helped by cost controls, and confirmed its full-year outlook.
The group's EBITDA was broadly in line with last year at €530 million ($596.83 million) in the quarter, compared with a company-provided consensus of €518 million.
Nexi confirmed its full-year guidance, which forecast net revenue growth broadly in line with 2025 and stable core earnings
It reported third quarter revenue of €942 million, exactly in line with the company-provided consensus
Last week, the European Central Bank (ECB) selected Nexi and Deutsche Telekom DTEGn.DE to provide the Digital Euro Network Service Provider (NSP) Connectivity
($1 = 0.8880 euros)
(Reporting by Mirko Miorelli; Editing by Matt Scuffham)