Nuvei (US:NVEI)2021-05-10 15:56Financial Performance - Total volume increased by 132% to $206 billion in Q1 2021, compared to $89 billion in Q1 2020[66] - Revenue increased by 80% to $1499 million in Q1 2021, compared to $832 million in Q1 2020[70] - Adjusted EBITDA increased by 97% to $655 million in Q1 2021, compared to $333 million in Q1 2020, with a margin of 44%[73] - Net income was $278 million in Q1 2021, compared to a net loss of $623 million in Q1 2020[73] Acquisitions and Expansion - Nuvei is integrating Mazooma, expecting it to process over $2 billion of ACH total volume in 2021[57] - Simplex processed approximately $500 million of total volume in 2020 and is expected to process more than $2 billion in 2021[60] - Expanded local acquiring capabilities to 44 markets, up from 35 at the end of 2020[52] - Increased APM portfolio to 470 at the end of Q1 2021 from 455 at year end 2020[52] Future Outlook - The company anticipates total volume between $83 billion and $89 billion for the year ending December 31, 2021[76] - The company anticipates revenue between $610 million and $640 million for the year ending December 31, 2021[76] - The company anticipates Adjusted EBITDA between $264 million and $277 million for the year ending December 31, 2021[76]