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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Worldline | EU:WLN | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.225 | 2.07% | 11.095 | 11.095 | 11.10 | 11.39 | 10.915 | 10.925 | 1,055,144 | 14:47:28 |
Launch of Power24Accelerating Worldline’s post-integration transformation to reinforce its competitiveness by reducing costs, to support stronger future growth and cash generation
Paris La Défense, 7 February 2024 – Worldline launches Power24, its transformation ambition announced on October 25, 2023. It aims at accelerating Worldline's transformation in response to changes in macroeconomic environment and payment industry trends, in order to support the Group’s structural mid-term profitable growth profile.
Power 24: a tailor-made post-integration transformation
Power24, announced in October 2023 is the acceleration of Worldline’s existing post-integration transformation ambition. It has been carefully designed and calibrated to enhance operational efficiency and is based on four main pillars:
A response to enhance operational efficiency and reinforce the company’s structural competitiveness
Worldline is one of the global leaders in digital payments with strong positions in major pan European markets, cutting-edge technologies and prominent retailer and bank customers.
As a leader, Worldline needs to constantly adapt to industry and environment trends. The payment industry moves extremely rapidly with fast-paced technological innovation in the product space coupled with a macro-environment slowdown that led to rapid changes in consumers’ behaviours across Europe.
This context has resulted in a slow-down in spending volumes and a reallocation of spending towards products and services generating lower margins for Worldline. In response to this evolving environment, Worldline had already initiated a series of transformation efforts to strengthen its position and market competitiveness on all businesses:
Next steps
Worldline intends to give priority to the social dialogue and has launched social processes with relevant employee representative bodies in the Group on Power24 and its potential impacts that could result in the reduction of the global workforce of approximately 8% maximum, while underlying its wish to allow voluntary departures wherever possible, in accordance with local regulations. The timetable and details of such contemplated plan will be discussed with the employee representative bodies in the coming weeks.
FORTHCOMING EVENTS
INVESTOR RELATIONS
Laurent MarieE laurent.marie@worldline.com
Guillaume DelaunayE guillaume.delaunay@worldline.com
COMMUNICATION
Sandrine van der GhinstE sandrine.vanderghinst@worldline.com
Hélène CarlanderE helene.carlander@worldline.com
ABOUT WORLDLINEWorldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.4 billion euros revenue in 2022. worldline.comWorldline’s corporate purpose (“raison d’être”) is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. Worldline makes them environmentally friendly, widely accessible, and supports social transformation.
DISCLAIMERThis document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Worldline’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Worldline’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2022 Universal Registration Document filed with the French Autorité des marchés financiers (AMF) on April 28, 2023 under the filling number: D.23-0371, and its Amendment filed on July 28, 2023.
Revenue organic growth and Operating Margin before Depreciation and Amortization (OMDA) improvement are presented at constant scope and exchange rate. OMDA is presented as defined in the 2022 Universal Registration Document. All amounts are presented in € million without decimal. This may in certain circumstances lead to non-material differences between the sum of the figures and the subtotals that appear in the tables. 2023 objectives are expressed at constant scope and exchange rates and according to Group’s accounting standards.
Worldline does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.
This document is disseminated for information purposes only and does not constitute an offer to purchase, or a solicitation of an offer to sell, any securities in the United States or any other jurisdiction. Securities may not be offered or sold in the United States unless they have been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any U.S. state, or are exempt from registration. The securities that may be offered in any transaction have not been and will not be registered under the U.S. Securities Act or the securities laws of any U.S. state and Worldline does not intend to make a public offering of any such securities in the United States.
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