NEXPF - Nexi S.p.A. (NEXPF) Q1 2024 Earnings Call Transcript
2024-05-10 12:07:09 ET
Nexi S.p.A. (NEXPF)
Q1 2024 Earnings Conference Call
May 09, 2024 02:00 AM ET
Company Participants
Paolo Bertoluzzo - Chief Executive Officer & General Manager
Bernardo Mingrone - Chief Financial Officer
Conference Call Participants
Justin Forsythe - UBS
James Goodman - Barclays
Josh Levin - Autonomous Research
Sandeep Deshpande - JPMorgan
Sebastien Sztabowicz - Kepler Cheuvreux
Hannes Leitner - Jefferies
Aditya Buddhavarapu - Bank of America
Alexandre Faure - BNP Paribas
Deepshikha Agarwal - Goldman Sachs
Aleksandra Arsova - Equita
Tommaso Nieddu - AlphaValue
Aditya Buddhavarapu - Bank of America.
Presentation
Operator
Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the Nexi First Quarter 2024 Presentation. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]
At this time I would like to turn the conference over to Mr. Paolo Bertoluzzo, CEO of Nexi. Please go ahead sir.
Paolo Bertoluzzo
Good morning to everyone and welcome to Nexi call for first quarter results 2024. As usual, I'm here with Bernardo Mingrone, Stefania Mantegazza, who leads our Investor Relations activities and a few colleagues from our team that may help us in case you have very specific questions.
As usual I will start by summarizing the key messages. Then we'll deep dive in a topic that is very strategic for us and we understand attracts a lot of interest from our investors the topic of payments and software integration. We'll then hand over to Bernardo that will cover results in more detail and I will come back for final comments. And obviously then we will have time for your questions.
Now let me start with the key messages of today on page 3. The first message is that we continue to consistently deliver on growth and also on margin expansion at the same time. In the quarter our revenues did grow about 6% with Merchant Solutions at 6.8% and with e-commerce actually growing double-digit.
This growth that is broadly in line with our own expectations has been supported by good volume dynamics in line with last quarter -- of last year maybe slightly better. EBITDA growth has been at 8.6% in the quarter with a very strong EBITDA margin expansion of 112 basis points.
Second key message, we continue to shape our company for future profitable growth. We are continuing to execute our growth strategy. Two specific topics we want to mention here. We're increasing day by day our focus on our payments and software integration strategy execution based on partnering with the best-in-class localization we will have a deeper dive on the topic. And in parallel we're obviously working on efficiency and profitability accelerating the cost synergies and more broadly our efficiency initiatives also on the back of the integration of the group and this will have a more visible effects later in the year....
Nexi S.p.A. (NEXPF) Q1 2024 Earnings Call Transcript