SIA: Preliminary consolidated financial results at 31 December 2020 approved

  • SIA’s Board of Directors, meeting under chairmanship of Federico Lovadina, approved the preliminary consolidated financial results
  • In 2020, SIA Group recorded consolidated revenues of €748 million, an increase of 2% YoY, entirely on an organic basis
  • Revenues maintain a geographical diversification in line with 2019 with 68% in Italy and 32% abroad
  • Despite the complexity of the current context, SIA Group can count on a diversified and resilient business model
  • In 2020, costs amounted to €463 million, with an increase of 2% YoY due to higher personnel costs incurred for organic growth
  • SIA and Nexi signed a memorandum of understanding regarding the integration of the two groups through the merger by incorporation of SIA into Nexi
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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