Report
Martin Marandon-Carlhian ...
  • Stephane Houri

Worldline : After the purge, the CMD on 27 October should provide some clarification

>Outperform reiterated, EPS -2.8% and target price € 83 vs € 85 - With the Q3 2021 results publication season approaching, we have taken stock of the situation at Worldline. We reiterate our Outperform recommendation. The de-rating triggered by disappointment linked to the absence of a conclusion to the strategic review at the terminals division was exaggerated. The valuation has become attractive once again. Moreover, the scenario for double-digit growth in H2 2021 (...
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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