Overall Revenue and Growth
Revenues are up 2.8% for the 9 months and 1.8% in the quarter, with underlying growth at about 6% year-on-year, both in the 9 months and the quarter.
Merchant Solutions Growth in Germany
Merchant solutions in Germany are growing double-digit in the 9 months, with acceleration in the third quarter, supported by customer base and market share growth.
Shareholder Value Creation
EUR 1.1 billion of capital returned to shareholders across '24 and '25, with a 20% increase in remuneration to shareholders this year.
Net Financial Debt Reduction
Net financial debt is down to 2.6x EBITDA, notwithstanding the fact that EUR 600 million was returned to shareholders this year.
Issuing Solutions Performance
Issuing solutions had a very strong quarter with 6.5% to 6.6% growth, driven by volume growth, international debit product in Italy, and upselling.