NEXI S.P.A. (NEXPF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Chorus Call Conference Operator. Welcome, and thank you for joining the NEXE Full Year 2024 Financial 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 Mr. Paolo Bertoluzzo, Chief Executive Officer of NEXE. Please go ahead, sir. Thank you very much, and good morning to everyone. Welcome to our call for 2024 full-year results. I'm here as usual with Bernardo Mingrone, our CFO and Deputy General Manager, with Stefania Mantegazza, who leads our investor relations activities, and a few other members of our team. Today, I will start as usual with a summary of the key messages, then I will spend a few minutes to deep dive on capital allocation, both in terms of how we see it and how we generate more and more cash over time, the results that we have achieved in 2024, and most importantly, the commitments we are taking for 2025 and going forward. I will then hand over to Bernardo for a full year results description, and then we'll come back to talk about next year guidance, close, and then open the Q&A session to answer to your questions. Now, let me start with the key messages, as usual, at page 3. Three key messages. First of all, continued delivery of growth, and most importantly, strong acceleration of cash generation. Revenues in the year did grow 5.1% versus the previous years, with merchant solutions going up 6.3%. EBITDA growth was at 7.1 percent, with a 101 basis points EBITDA margin expansion in the year, thanks to a very strong cost control throughout. T...