By Giulia Petroni

Nexi SpA on Thursday said that earnings and revenue rose in the first quarter and backed full-year guidance.

The Italian payments company said quarterly earnings before interest, taxes, depreciation and amortization came in at 307.5 million euros ($323.3 million) compared with EUR261.9 million a year ago.

Revenue for the period increased to EUR712.6 million from EUR665.2 million. Nexi's merchant services and solutions business reported quarterly revenue of EUR369.2 million.

Total costs stood at EUR405.1 million in the quarter.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

May 12, 2022 07:19 ET (11:19 GMT)

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