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BANCOMAT S P A And SIA Sign MoU For The Digital Transformation Of Payments In Italy
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SIA and Bancomat devise MoU to create NewCo to manage the processing of payment transactions
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Volante Technologies And SIA Partner To Boost Instant Payments In Europe
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SIA: Consolidated Financial Results At 31 March 2021 Approved - Strong Growth Of Revenues And EBITDA Date
EBITDA of €62.8 million (+8.6% YoY)
Confirmation of the resilience of the business model and the ability to seize the positive dynamics of the payments market as well as to initiate and complete new partnerships with banks and large corporates
SIA s Board of Directors, meeting under the
chairmanship of Federico Lovadina, approved the consolidated financial results at 31 March 2021,
up on the first quarter of 2020.
Card & Merchant Solutions
In the first quarter of 2021, SIA Group reported
revenues of €182.3 million, up 9.0% YoY, entirely on an organic basis. Revenues maintained a geographical diversification in line with 2020, approximately
Date
11/02/2021
Revenues of €748 million (+2% YoY), at an accelerating pace in the fourth quarter of 2020, despite the second nationwide lockdown. About 50% related to the installed base, fee-based services and development activities, not impacted by the contraction in volumes
EBITDA of €285 million (+3% YoY) and with a 38% EBITDA margin. Result obtained entirely on an organic basis and without contributions from M&A activities
Net debt at €688 million (2.4x EBITDA), significantly lower than in 2019 (2.9x EBITDA)
In the fourth quarter of 2020, revenues reached €222 million (+7% q/q) with EBITDA at €89 million (+13% q/q)
Confirmation of the resilience of the business model and the ability to start up and complete new partnerships with banks and large corporates