WORLDLINE - BUY | EUR93 (+35%) Q3 well below expectations but one more step towards disposal of terminals business
WORLDLINE - BUY | EUR93 (+35%)Q3 well below expectations but one more step towards disposal of terminals business
Q3 recovery not as good as expected but bullish comments on Q4
Terminals business in “discontinued operation” – an excellent signal!
CEO/Chairman split finally in place
Guidance adjusted to reflect the exclusion of the terminals business
Poor Q3, but reassuring message on Q4 and (a bit) less uncertainty on the future of terminals
Worldline is a financial transaction processing company based in France. Co's operations are organized along three segments covering payments and digital services: Merchant Services & Terminals (facilitating consumer engagement around end-to-end e-payment transactional services on any device – before, during and after the point of sale); eMobility and eTransactional Services (assists businesses and governments in developing new digital services enabling strategic digital transformation); and Financial Processing & Software Licensing (provides processing services to banks and financial institutions for managing card-based and online cashless payments).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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