Worldline : A publication that restores credibility for a double-digit growth story
>Publication restores credibility for management’s medium-term forecasts (revenue CAGR of 9-11%) – Outperform reiterated - Following a very solid H1 2022 publication, we reiterate our Outperform recommendation. Given the excellent performance in Q2 (revenues up 13.5%), notably for merchant services (+18%), we think that guidance for the year (growth of 8-10%) is now too cautious. Q3 should continue to show momentum with the strong upturn in travel. We think that World...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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