The organic growth in net revenue was 5%, driven by a continued strong underlying growth in transaction volumes across all business segments, and by the continued sale of value added services to our customers. We saw a solid performance in Merchant Services with an organic growth of 8%, and a strong performance in Corporate Services with an organic growth rate of 4%. Financial & Network Services had an organic growth of 3%, impacted by the extraordinary high implementation revenue in 2016 related to the development of mobile-based payment solutions.
"In the past year, we delivered on our promises with improved financial performance. We had a solid growth of 5%, powered by transactions and volume increases across all three business segments, and we have successfully improved our EBITDA b.s.i. margin," says Bo Nilsson, CEO of Nets.
Operational leverage and a continued focus on operational efficiency resulted in an EBITDA b.s.i. margin of 36.7%, which is an expansion of 120 basis points compared to 2016. Special items were higher than originally expected, primarily due to expenses related to the takeover by a consortium led by the American private equity funds Hellman & Friedman.
Annual Report 2017
Nets' annual report for 2017 is available on https://investor.nets.eu
For media inquiries, please contact:
Søren Winge, Head of Press Relations, at +45 29 48 26 46 or swing@nets.eu
