Significant growth in revenues mainly related to issuing transactions.
In the first quarter of 2021, „SIA Group reported revenues of €182.3 million, up 9.0% YoY, entirely on an organic basis,” according to the press release. Revenues maintained a geographical diversification in line with 2020, approximately 70% in Italy and 30% abroad.
EBITDA amounted to €62.8 million, up 8.6% on the same period last year, with an EBITDA margin of 34%.
At the level of the market segments in which SIA Group operates, the following results were obtained in the first quarter:
Card & Merchant Solutions, representing 68% of the total revenues generated by the Group – approximately split between activities linked to issuing (63%) and acquiring (37%) services – recorded revenues of €124 million, up 8.4% on the same period of 2020. In the quarter, the segment benefited from a significant growth in revenues mainly related to issuing transactions (+8% YoY), thanks to the positive trend in volumes and the startup of services for new customers;
Digital Payment Solutions, representing 20% of the Group’s total revenues, recorded revenues of €36.7 million, up 13.9% on the same period of 2020. The segment was positively impacted by the performance of revenues from volumes managed in particular in Clearing and Gateway services (+9% YoY) and the development of projects in the Clearing and Public Sector areas;
Capital Market & Network Solutions, representing 12% of the Group’s total revenues, reported revenues of €21.6 million, up 4.3% on the same period of 2020, due to growth in Network Services volumes (up 21% YoY).
CONSOLIDATED FINANCIAL RESULTS AT 31 MARCH 2021
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
