Worldline : A solid Q1 report, making the 2022 guidance all the more feasible (despite the Russia effect)
>Outperform rating reiterated – 2022e EPS raised by 0.5% - We remain at Outperform after the Q1 figures came out better than expected. The Merchant Services division continues to perform very solidly with +16% (after +15% in Q4). This should make management’s targets more feasible (9/11% growth for the medium term). The concerns about disruption that have taken a toll on the stock’s performance in recent months are indeed very overdone, in our opinion (Worldline is mo...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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