© Reuters. FILE PHOTO: The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. REUTERS/Alessandro Garofalo/
MILAN (Reuters) – Nexi (BIT:) said on Tuesday it estimated an excess cash generation of around 2.8 billion euros ($2.70 billion) in 2023-2025 which can be used to pursue M&A opportunities or to return capital to shareholders via buyback and dividends.
Under a new strategic plan, the Italian payments group sees a compound average growth rate of around 20% in 2021-2025 for its normalized earnings per share (EPS), it said in a statement.
($1 = 1.0378 euros)
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