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SIA: Preliminary consolidated financial results at 31 December 2020 approved

February 15, 2021

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