Worldline : Publication in line, outlook for rest of the year looks much more favourable
>Outperform recommendation reiterated – target price of € 90 maintained - Following a Q1 publication that was in line and ultimately quite reassuring due to the reiteration of the 2021 scenario, we confirm our Outperform opinion and our target price of € 90. We maintain our forecasts unchanged and confirm our investment case: 1/ the group benefits from structural growth in the payment sector in Europe, where cash remains dominant (65-70% of transactions); 2/ standardi...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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