Report
Martin Marandon-Carlhian ...
  • Stephane Houri

Worldline : Q2 2023 preview: results are unlikely to generate much enthusiasm but the disconnection with the stock market performance is exaggerated

>The recent stock market performance appears disconnected from operating momentum, which remains solid – Outperform rating maintained - Worldline is due to report its H1 2023 results on 26 July before market open. Following a company contact, we reiterate our Outperform recommendation and our target price of € 58, maintaining our forecasts unchanged for the year. We forecast revenue growth of 8.2% at € 1,163m in Q2 (in line with forecasts) and OMDA of € 511m in H1 (1%...
Underlying
Worldline SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Martin Marandon-Carlhian

Stephane Houri

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