By Reuters Staff
1 Min Read
MILAN, May 13 (Reuters) - Italian payments group Nexi on Thursday improved its outlook for 2021 revenues and said transactions had accelerated from mid-April, after reporting a higher-than-expected turnover for the first quarter.
Nexi shares jumped on the results, briefly triggering an automatic trading suspension. They rose 2.7% by 1125 GMT.
The company said it hoped to grow revenues by a high single-digit or double-digit percentage this year, compared with the mid-to-high single digit rise it had guided for in February.
Nexi posted a 2% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to 140 million euros in the first quarter, while revenues rose 4.1% to 259 million euros, ahead of company expectations.
China is framing tough new rules to clamp down on a booming private tutoring industry, aiming both to ease pressure on school children and boost the country's birth rate by lowering family living costs, sources told Reuters.
Bombardier Inc sold its 3.1% stake in French rail giant Alstom SA for 506.2 million euros ($608.4 million) through a book building process to institutional investors, the Canadian business jet maker said on Tuesday.