Report
Martin Marandon-Carlhian ...
  • Stephane Houri

Worldline : Sanction un peu sévère compte tenu d’une dynamique globalement inchangée

>Opinion Surperformance, BPA 2023/2024 abaissés de ~4%, OC de 58 € (vs 60 €) - Le titre était en baisse de 4% hier, principalement en raison d’une guidance de marge d’EBITDA 2023 décevante (26.4% vs css à 27.0%), avec une base pro forma 2022 plus faible qu’attendu (25.4% vs 26.0% en publié). L’amélioration de la marge pro forma (>100 pb) suppose également une forte progression en 2024 (+200 pb), laissant probablement peu de potentiel pour de bonnes surprises sur le l...
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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