Nexi SpA

NEXI: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€98.40	Qkwqr	Dzqvrjr

Good Second Quarter for Nexi; International Card Volumes Promising

Niklas Kammer

Aug 4, 2021

Nexi reported good second-quarter results with revenues growing 23% year-over-year as restrictions started to ease in Italy. Most important, acquiring volumes are now tracking above 2019 levels. Foreign cards, on which Nexi earns higher margins, still lag 2019 levels as tourism in Italy has not fully recovered yet. However, performance over the last couple of weeks is encouraging.

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