Published by Global Banking & Finance Review®
Posted on February 28, 2025
2 min readLast updated: January 25, 2026
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Nexi's core profit rose 7% in 2024, with plans to return €600 million to shareholders in 2025. Despite sector challenges, revenue growth is expected.
(Reuters) - Italian payments group Nexi on Friday posted a 7% year-on-year rise in 2024 core profit to 1.86 billion euros ($1.93 billion), in line with a company-provided consensus.
Nexi's stock rose by as much as 10.5%, on track for the biggest daily gains since November 2023 and among the best performers on the pan-European STOXX 600 index.
The firm expects to return a total of 600 million euros to shareholders in 2025, combining 300 million euros of dividend distribution with an additional 300 million euro share buy-back, CEO Paolo Bertoluzzo said in a statement.
The company will return above 10% of its market capitalisation to shareholders in 2025, brokerage Stifel said in a note.
For 2025, despite headwinds in the payment sector, it forecast low to mid single-digit net revenue growth year-on-year, and around a 50 basis-point expansion in its margin on earnings before interest, tax, depreciation and amortization.
Stifel adds that the 2025 guidance is "weak due to the previously disclosed loss of Banco BPM and some contract renegotiations, but in line with expectations".
($1 = 0.9626 euros)
(Reporting by Romolo Tosiani in Gdansk; Editing by Jan Harvey and David Evans)
Nexi reported a core profit of 1.86 billion euros for 2024, reflecting a 7% year-on-year increase.
Nexi aims to return a total of 600 million euros to shareholders in 2025, which includes 300 million euros in dividends and a 300 million euro share buy-back.
Despite challenges in the payment sector, Nexi forecasts low to mid single-digit net revenue growth year-on-year for 2025.
Stifel described Nexi's 2025 guidance as 'weak' due to the loss of Banco BPM and some contract renegotiations, but noted it was in line with expectations.
Following the announcement of its profit increase, Nexi's stock rose by as much as 10.5%, marking the biggest daily gains since November 2023.
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