Nexi’s Q3 results were in line with market expectations and slightly below AV’s estimates on revenue. However, we believe the focus should be on margins this quarter, especially after observing Worldline’s performance. The EBITDA margin exceeded our expectations, which were slightly higher than the market consensus. This demonstrates Nexi’s ability to consistently deliver synergies.
09 Nov 2023
First take: Strong margins, Nexi is resilient
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First take: Strong margins, Nexi is resilient
Nexi’s Q3 results were in line with market expectations and slightly below AV’s estimates on revenue. However, we believe the focus should be on margins this quarter, especially after observing Worldline’s performance. The EBITDA margin exceeded our expectations, which were slightly higher than the market consensus. This demonstrates Nexi’s ability to consistently deliver synergies.