Report
Martin Marandon-Carlhian ...
  • Stephane Houri

Worldline : Une guidance 2021 plutôt conservatrice, du M&A à venir et la finalisation et l’exécution de la revue stratégique des terminaux avant fin 2021

>Opinion surperformance réitérée, OC relevé à 90 € vs 84 € - Suite à la publication des résultats 2020 plutôt rassurante, nous réitérons notre opinion Surperformance et relevons notre OC à 90 € vs 84 €, soit un potentiel de 22%. Cette publication conforte notre thèse d’investissement positive : 1/ le groupe bénéficie de la croissance structurelle du secteur du paiement en Europe où le cash reste dominant (65/70% des transactions), 2/ la standardisation du marché europ...
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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