- Nuvei (NVEI) announced preliminary unaudited financial results for the fourth quarter and the full year ended December 31, 2020
- Total volume between US$13.8 billion and US$14.1 billion in the fourth quarter of 2020, an increase of more than 50% compared to the fourth quarter of 2019
- Revenue increased by more than 40% in Q4 and more than 50% for the full year
- Adjusted EBITDA increased by more than 50% for the fourth quarter and 80% for the full year
- Operating profit is between US$16.5 million and US$19.5 million for the fourth quarter, and between US$61.4 million and US$64.4 million for the full year of 2020
- Nuvei (NVEI) is up 3.91%, trading at C$74.50 at 9:40am EST
Nuvei (NVEI) announced preliminary unaudited financial results for the fourth quarter and the full year ended December 31, 2020.
Based on preliminary results, the company anticipates:
- Fourth quarter: total volume* between US$13.8 billion and US$14.1 billion, an increase of more than 50% compared to the fourth quarter of 2019.
- Full year: total volume* between US$43.1 billion and US$43.4 billion, an increase of more than 70% compared to 2019.
(* Volume = total dollar value of transactions processed by merchants under a contractual agreement with the company) - Fourth quarter: revenue between US$114 million and US$118 million in the fourth quarter of 2020, an increase of more than 40% compared to the fourth quarter of 2019.
- Full year: revenue between US$373 million and US$377 million for the full year of 2020, an increase of more than 50% compared to 2019.
- Fourth quarter: adjusted EBITDA between US$50 million and US$52 million in the fourth quarter of 2020, an increase of more than 50% compared to the fourth quarter of 2019.
- Full year: adjusted EBITDA between US$162 million and US$164 million for the full year of 2020, an increase of more than 80% compared to 2019.
- Fourth quarter: operating profit between US$16.5 million and US$19.5 million in the fourth quarter of 2020
- Full year: operation profit between $61.4 million and $64.4 million for the full year of 2020
“I am very pleased with our preliminary financial results for the fourth quarter and the full year,” said Philip Fayer, Nuvei’s chairman and CEO.
“We made progress on our strategic initiatives, executed on multiple growth opportunities, enhanced our product offerings and capabilities, allowing our merchants to connect further with their customers regardless of country, currency, or payment type. Through our single integrated platform, Nuvei provides one the industry’s most complete technology solutions, simplifying our merchants’ needs and requirements, improving conversions, reducing fraud, and driving sales, in addition to servicing 200 markets globally with a full set of payment capabilities including the ability to accept more than 450 different payment methods in nearly 150 different currencies. We are well-positioned for the future and I want to thank all of Nuvei’s team members for their contributions.”
Nuvei (NVEI) is up 3.91%, trading at C$74.50 at 9:40am EST.
