After a challenging period for the European payment sector, investors had been cautious as the Q3 report approached. They were aware that meeting the consensus expectations could have been difficult, given the recent profit warning from Worldline. Nexi’s Q3 results were in line with expectations in terms of revenue, although the focus is likely to be on margins. EBITDA margins surpassed AV’s estimates (which were already above consensus), indicating Nexi’s investment case resilience.