Worldline : One too many profit warnings for CEO
>A look back at Friday morning's bad news - We had more information on the profit warning issued by Worldline on Friday morning. Financial targets for 2024 had already been lowered in early August. This new profit warning comes from the Merchant Services division (72% of group revenues in 2023). Firstly, after a disappointing June, the recovery seen in MSV in early July was not confirmed in Europe. Secondly, the fairly ambitious recovery plan for Australia failed...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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