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SIA: Preliminary consolidated financial results at 31 December 2020 approved | Fintech InShorts: Latest fintech news, analysis by experts

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SIA: Preliminary consolidated financial results at 31 December 2020 approved

By Laura M

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

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