Worldline : Sanction incommensurate with investors’ possible questions about the outlook...
>Disproportionate stock market sanction, Outperform maintained - Worldline yesterday lost nearly 16% following the release of Q3 revenue and the CMD. Admittedly, Q3 was a bit disappointing (initial reaction). But the 3-year objectives point to 2024 earnings slightly above the consensus. Admittedly, as we expected, the group announced the deconsolidation of the TSS division, but not yet its sale, which may have disappointed some. We find the sanction disproportionate. ...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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