MILAN, March 7 Reuters Italian payments group Nexi39;s transaction volumes accelerated in the first eight weeks of this year by 17 from the same period last year, it said as it posted annual earnings in line with expectations and confirmed guidance for 2023.

Europe39;s biggest payments firm by volumes reported a 7 rise in revenue to 3.26 billion euros 3.5 billion last year and also hit its core profit goal with a 14 jump to 1.62 billion euros.

Nexi39;s core profit margin, meanwhile, rose by more than three percentage points to 49.

We start 2023 determined to grow in all geographies, increasing margins and cash generation, CEO Paolo Bertoluzzo said in a statement.

1 0.9362 euros

Reporting by Valentina Za Editing by Alvise Armellini and David Goodman

Source Reuters