Report
Martin Marandon-Carlhian ...
  • Stephane Houri

Worldline : Very solid Q3 and 2022 guidance now extremely conservative

>Lack of a 2022 upgrade should not mask an excellent Q3 and still solid momentum - Outperform opinion reiterated - The share price lost 3% yesterday, mainly due to the disappointment of no upward revision of 2022 guidance. Maintaining the guidance implies a significant slowdown in Q4 (+6% growth vs. +10% in Q3). However, we believe that this is due to an excess of caution. While the level of spending (especially discretionary) will be closely monitored in Q4, we belie...
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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