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”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
