Nexi’s results were in line with expectations: good growth, despite the challenging impact of COVID-19-related re-openings. As a result, the management has reaffirmed its guidance for the year.
Nexi aims to rekindle investors’ interest and dispel concerns about the new Italian competitor (Banco BPM, FSI, and BCC JV). We believe that the allocated €1.3bn, out of the expected €2.8bn excess cash generated, and not intended to reduce debt, may potentially be utilised to create an opportunity to ret ....
