NEXI S.P.A. (NEXPF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Cards Conference co-operator. Welcome and thank you for joining the NEXI first quarter 2025 results presentation. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Paolo Bertoluzzo, CEO of Nexi. Please go ahead. Thank you, and good morning. Good morning to everyone. Welcome to our call for the first quarter of 2025 results. As usual, I'm here with Bernardo Mingrone, our Deputy GM and CFO, Stefania Mantegazza, who leads our investor relations operations, and Stefania. a number of other colleagues in case we need their support to answer to your questions. Today, as usual, we start with an overview of the key messages. Then I will hand over to Bernardo that will cover the results for the course, but we'll also deep dive on the topic that we have chosen for today, which is actually our progress on debt and, more in general, capital structure management. And then we come back for conclusions, and most importantly, together with Bernardo, for answering to your questions. Now, let me start with the summary of the key messages of the day, page three of the document. First of all, point number one, continued delivery of profitable growth in the quarter. Revenue went up 3.7% in the quarter, with merchant solutions up 4.5% versus the first quarter of last year. And it is despite some effects from the leap year and the different Easter phasing that is a disadvantage in 2025 versus 2024 for the first quarter. In this quarter, we also did continue to show strong cost efficiency control. Cost ...