Wellington Hds. Share Discussion Threads

[waldron] 12/11/2024 08:01

- Worldline lost 1.3% to €6.34 on Monday, as the payment services specialist reported slightly lower third-quarter sales of 1.16 billion in the third quarter.

The group also confirmed its annual targets, which have been revised downwards twice in recent months

Jefferies(‘hold’) believes that the third quarter was weak ‘as expected
after the September warning’, with retail services down
retail services down 3% on a net basis, and financial services down
financial services by -8%.

Forecasts for 2024 are confirmed, and to achieve this, Worldline will need to grow by around 2% quarter-on-quarter in the quarter-on-quarter in the fourth quarter, which is broadly in line with the average of the last two years.

Finally, Goldman Sachs remains ‘neutral’; with an adjusted target of €7 to €7.50.


By Claude Leguilloux




Published on 11/11/2024 at 09:58 am


Worldline: a matter of time

(Boursier.com)

Translated with DeepL.com (free version)

[waldron] 13/9/2024 22:22

extracted from Boursier

Worldline is down 14% towards €7 after announcing the departure of its CEO and a new warning on turnover and adjusted EBITDA forecasts for the current financial year (after the warning issued on 1 August).

Worldline now expects organic revenue growth of around 1%, ‘which could increase if economic conditions improve’, adjusted EBITDA of around €1.1 billion (previously €1.13 billion to around €1.17 billion) and free cash flow of just €200 million.

Translated with DeepL.com (free version)

[waldron] 13/9/2024 06:02

Worldline SA

8.43 EUR +0.22 (2.71%)

Sep 12, 17:35 GMT+2

Open
8.36

High
8.63

Low
8.28

Mkt cap
2.39B

P/E ratio
-

Div yield
-

CDP score
A-

52-wk high
28.68

52-wk low
7.43

[waldron] 13/9/2024 05:58

NO DIVI AS YET

[waldron] 13/9/2024 05:52

Analysts' Consensus

Mean consensus
HOLD

Number of Analysts
20

Last Close Price
8.426EUR

Average target price
13.32EUR
Spread / Average Target
+58.14%

High Price Target
28.90EUR
Spread / Highest target
+242.99%

Low Price Target
7.000EUR
Spread / Lowest Target
-16.92%

[waldron] 13/9/2024 05:47

FORTHCOMING EVENTS

October 30, 2024: Q3 2024 revenue (after market close)

[waldron] 25/10/2023 11:11

Euronext Paris 12:09:41 2023-10-25 pm


Worldline


9.654 EUR -58.21%

[waldron] 25/10/2023 11:09

Worldline shares halve on depressed outloook
1 hour ago
finextra

Shares in payment service provider Worldline slipped by more than half after the vendor warned of a deteriorating outlook for sales and the termination of a number of merchant relationships due to soaring cyber crime rates.

Worldline’s Q3 2023 revenue reached €1,182 million, representing +4.8% organic growth. This was mainly driven by Merchant Services, which were up by 7.6%. Financial Services was down -2.9%, due to delays of new signing contracts.

The company says macroeconomic challenges are beginning to impact some of its key markets, particularly in Germany where the slowdown has disrupted consumer spending patterns.

The company is also planning to terminate a number of merchant relationships due to rising cases of cyber crime. The scope of such online merchants could represent up to €130 million in lost run rate 2023 revenues.

Gilles Grapinet, CEO of Worldline, says: “After a solid start of the year, we now enter into a second semester where the macro environment deteriorates, in particular in Germany. This evolution is reflected in our third quarter performance despite satisfactory commercial developments in Merchant Services."

He says the firm has initiated a new cost savings plan aimed at cutting €200 million in expenses by 2025.

Shares in the vendor dipped 53% as markets digested the distressed outloook.

[ariane] 01/8/2023 04:33

Crédit Agricole and Worldline sign a binding agreement to create a major player in merchant services in France

By NS Banking Staff Writer

31 Jul 2023

Crédit Agricole and Worldline sign a binding agreement to create a major player in merchant services in France


Worldline [Euronext: WLN] and Crédit Agricole [Euronext: ACA], announced the signing of a binding agreement, a new step in the strategic partnership to create a major player in the French payment market.

Following their exclusive negotiations announced last April, the Crédit Agricole group and the Worldline group have specified, in an agreement signed today, the outlines of their partnership project in the merchant payment services sector.

The Boards of Directors of all the entities concerned in each of the two groups have approved the terms of the binding, exclusive agreement, thus marking a new milestone in this partnership project. The transaction is still subject to the approval of regulators and customary authorities.

This unique and innovative alliance would enable the two partners to create a joint venture with the ambition of becoming a major player in payment services in France. It would leverage the high-level technological performance and innovation capabilities of Worldline, combined with the commercial strengths and exceptional knowledge of the French market of Crédit Agricole and its distribution networks.

The operation is being conducted in accordance with the announced schedule. It is expected that the required approvals will be obtained then the joint venture be operational by the end of 2023; which will enable to launch its offers at the beginning of 2024.

Source: Company Press Release

[ariane] 15/5/2023 06:17

Upcoming events on WORLDLINE

June/08/23 Annual General Meeting

July/26/23 | 06:00am Interim 2023 Earnings Release

[ariane] 15/5/2023 06:15

Consensus

Mean consensus BUY

Number of Analysts 21

Last Close Price 39,53 €

Average target price 54,80 €
Spread / Average Target 38,6%

High Price Target 91,00 €
Spread / Highest target 130%

Low Price Target 33,07 €
Spread / Lowest Target -16,3%

[ariane] 15/5/2023 06:14

(Boursier.com) - In a letter received by the AMF on 9 May, Harris Associates LP, acting on behalf of funds and clients under management, declared that on 4 May it had exceeded the threshold of 5% of the voting rights in Worldline.


On behalf of funds and clients, it holds 16,303,218 Worldline shares representing the same number of voting rights, i.e. 5.79% of the company's capital and 5.01% of its voting rights.

This threshold crossing is the result of an acquisition of Worldline shares on the market.

[maywillow] 18/4/2023 17:49

Worldline SA


39.20 EUR +0.060 (0.15%)

Apr 18, 17:39 GMT+2

[florenceorbis] 18/4/2023 09:10

[France] WORLDLINE (WLN)

Euronext Paris - 11:09:45 18/04/2023


39.05 EUR -0.23%

[grupo guitarlumber] 17/4/2023 10:43

Many surprised it broke thru Resistance but will it gap up

[France] WORLDLINE (WLN)

Real-time Euronext Paris - 11:40:09 17/04/2023 BST

39.85 EUR +4.05%

[waldron] 29/1/2023 09:51

Worldline Develops Buland Bharat Digital Payments Suite for Small Business Merchants in India
by Tyler PatheJanuary 29, 2023

Worldline launches digital payments suite for small and medium businesses (SMBs) in India.

Buland Bharat, the latest development from the payment services provider Worldline, introduces a 360° digital payments suite for SMB merchants in India.

Payment services provider Worldline’s latest development, Buland Bharat, serves a 360° digital payments suite for SMB merchants in India.

Buland Bharat provides merchants with capabilities to accept and process digital payments within a variety of omnichannel scenarios.

This includes the acceptance of in-store payments via POS terminals, softPOS and QR codes, the acceptance of online payments, subscription payments and payment links with Worldline’s payment gateway and the ability to engage with customers directly across multiple touchpoints with the provider’s single convergence platform.

The payments suite also covers supply chain finance, helping merchants to manage cash flow and business liquidity.

Taking India digital

Worldline’s Buland Bharat digital payments form part of the provider’s wider effort to align with the Indian government’s Digital India initiative.

Coming into motion eight years ago, the initiative intends to empower India’s 1.3 billion-strong population with more accessible digital services.

Although not strictly limited to the use of financial products and tools, the application of fintech has come as a major benefit to the initiative’s success, and the worldwide fintech community continues to extend itself to India as a means to satisfy this desire for digital.


Wordline Buland Bharat

Sheik Mohideen, senior vice president of SMB and partnership, Worldline India

Speaking on the launch of the suite, Sheik Mohideen, senior vice president of SMB and partnership at Worldline India, recognises India’s SMBs as “growth drivers for our country’s economy.”

“The new suite will help SMBs to get all their digital payment acceptance requirements covered under one roof,” comments Mohideen, before adding that Worldline’s incorporated softPOS offering “will empower SMBs in a big way to accept digital payments affordably.”

The features included in the Buland Bharat suite are the definition of Worldline’s comprehensive understanding of SMB demands and the various payment challenges they encounter across differing sizes, categories and business life cycles.

Worldline continues to focus on serving the SMB community across Asia while boosting digital financial inclusion; two paramount focus areas for the provider this year.

Verticals like retail stores, e-commerce, education, hospitality, government and utility contributed to the growth in the vertical for Worldline in India in the last 12 months.

The company also notes that tier II and III cities are at the forefront for growth of its SMB vertical in these months purely riding on the wave of digitalisation.
Author

Tyler Pathe

Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

[sarkasm] 12/1/2023 06:43

PARIS (Agefi-Dow Jones)--The electronic payments specialist Worldline announced on Thursday that it had completed the acquisition of a 40% stake in the Dutch company Online Payment Platform, for an undisclosed amount. The deal was originally announced for late September 2022. Worldline shares closed at 40.52 euros on Wednesday. ([e-mail]) ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


January 12, 2023 01:14 ET (06:14 GMT)

Translated with www.DeepL.com/Translator (free version)

[waldron] 08/11/2022 10:26

Worldline to acquire merchant acquiring activities of Banco Desio

Banking ServicesCards and Payments

By NS Banking Staff Writer 08 Nov 2022

In addition to merchant acquiring activities, Worldline will enter into a commercial partnership with the Italian lender to distribute its payment products and services to the bank’s merchant customers in Italy
towfiqu-barbhuiya-xkArbdUcUeE-unsplash

Worldline to acquire Banco Desio merchant acquiring operations. (Credit: Towfiqu barbhuiya on Unsplash)

French payment services company Worldline has entered into a binding agreement to acquire the merchant acquiring activities of Banco Desio.

Banco Desio is an Italian banking group with a network of more than 230 branches and manages marketing and distribution of over 19,000 POS to the merchants within its network.

Its merchant acquiring portfolio is claimed to deliver payment solutions to nearly 15,000 merchants and generate around 40 million transactions per year.

In addition, Worldline will enter into a commercial partnership with the Italian lender to distribute its payment products and services to the bank’s merchant customers in Italy.

The transaction is expected to close in the first quarter of 2023 and would bring in extra revenue of around €15m within the first year.

Worldline CEO Gilles Grapinet said: “This operation is fully in line with our strategy to further expand our Merchant Services activities towards the South of Europe and in particular in Italy, a highly attractive and strategic market for Worldline.

“This transaction offers attractive development opportunities for Worldline in the coming years, leveraging a strong banking network as a key commercial channel in order to distribute Worldline’s full suite of end-to-end payment solutions to merchants.

“With this transaction, Worldline keeps on playing the leading role in the consolidation of the European payments industry, with a focus on value-creating consolidation opportunities, enhancing Worldline scale, reach and significant presence.”

Worldline said that the transaction, which follows its acquisition of Axepta Italy earlier this year, is in line with its strategy to strengthen its presence in Italy.

According to the payment services firm, Italy is the third largest economy in Europe with a high cash penetration, where cash accounts for nearly 76% of total payment volume in 2021.

The country has seen a rapid shift from cash to card and electronic payment adoption and has one of the highest POS densities per inhabitants in Europe.

Worldline said that the transactions acquired are well balanced by card type, with credit cards, PagoBancomat, and debit and prepaid cards.

Earlier this month, Worldline integrated its fraud management technology into the Finland-based S-Bank to enable real-time fraud detection for debit and credit cards.

[ariane] 16/7/2022 08:43

Worldline Partners With Casio to Boost Card Acceptance for Merchants in Japan

by The Fintech TimesJuly 16, 2022

Worldline has joined forces with Casio Computer to shake up Japan’s ‘cumbersome payment acceptance ecosystem’ by facilitating card payments and cashless shopping in the country.

The strategic business alliance between Worldline and Casio also includes Vesca, a local provider of payment solutions and network service provider and is targeted at mainly SME merchants across Japan.

It follows an announcement earlier this year that Worldline had forged a partnership with Vesca to enter the Japanese merchant services market.

Worldline provides transaction processing and leverages the footprint, scale and technology of its global payment processing facilities, while Casio is the front-end for merchants. Meanwhile, Vesca is the technical enabler that acts as the acceptance layer in Japan.

The companies say their alliance will successfully address the challenges posed by the Japanese ecosystem when it comes to card payments – ‘cash dominated consumer behaviours and cumbersome lengthy onboarding processes’.

“We are extremely proud to be working with a prestigious brand such as Casio and we are confident this partnership is the right choice for our presence in the Japanese market,” said Vincent Roland, head of merchant services at Worldline. “Our offering will booster card payments in a market with huge potential.”

Shigenori Fujii, senior general manager, system business unit at Casio, added: “Worldline is the leading payments solutions provider in Europe, and it only made sense to collaborate with them as we aim to enlarge our offering for checkout payments and cashless services in Japan. Their professionalism and expertise are unparalleled. We want to develop this partnership further.”

Building relationships with key local actors and delivering offerings using the latest payment technology are two core components of Worldline’s growth strategy when it comes to penetrate new markets.




The Fintech Times