Worldline SA
PAR:WLN

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Worldline SA
PAR:WLN
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Price: 1.4995 EUR -3.07%
Market Cap: 425.2m EUR

Worldline SA
Investor Relations

Worldline SA, a company rooted in the fast-paced and ever-evolving universe of digital payments, has carved out a significant niche as one of Europe's foremost providers of payment services. Born from a rich legacy within the Atos Group, Worldline spun off to navigate the intricacies of payment processing, an area increasingly integral to global commerce. The essence of Worldline's operations lies in its comprehensive suite of services, encompassing both merchant and financial institution services. By offering end-to-end solutions that cater to the needs of businesses and banks alike, Worldline enables seamless transactions across digital platforms. This includes a wide array of functionalities from point-of-sale terminals to online payment gateways and fraud detection systems, all designed to ensure frictionless, secure, and reliable transactions for both businesses and their customers.

The financial heartbeat of Worldline rests on its ability to process vast volumes of transactions and provide associated technological services. Revenue streams are primarily derived from transaction fees based on the number and volume of payments processed, alongside various service fees charged for technology solutions such as e-commerce platforms and ATM management. Furthermore, the company generates income from providing digital identity offerings and other value-added services that enhance the customer experience. As digital transactions continue their ascent, driven by the global shift towards cashless economies, Worldline positions itself at the confluence of technology and finance, tapping into the accelerating demand for innovative payment solutions while continuously expanding its footprint through strategic acquisitions and partnerships.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Jul 30, 2025
AI Summary
Q2 2025

Revenue Decline: Worldline reported H1 2025 revenue of EUR 2.2 billion, a 3.4% organic decline from last year, with Q2 trends consistent with Q1’s weakness.

Profitability Hit: Adjusted EBITDA for H1 was EUR 401 million (18.2% margin), impacted by revenue mix and merchant churn; free cash flow was EUR 40 million, showing continued challenges.

Major Goodwill Impairment: Worldline reported a net loss of EUR 4.2 billion, mainly due to a EUR 4.1 billion non-cash goodwill impairment reflecting sector headwinds and Merchant Services challenges.

Strategic Restructuring: The company is in exclusive negotiations to sell its MeTS unit for up to EUR 410 million, aiming to refocus on payments and reinforce liquidity.

Turnaround Efforts: Management emphasized urgent action on cost control, leadership changes, improving hardware delivery, and portfolio cleanup, but acknowledged ongoing uncertainty for the rest of 2025.

Conservative Guidance: For 2025, Worldline expects low single-digit organic revenue decline, adjusted EBITDA between EUR 825–875 million, and stable free cash flow.

Liquidity Position: Liquidity remains solid with EUR 1.2 billion in cash at June end, refinancing secured, and no immediate concerns about debt maturities.

Key Financials
Revenue
EUR 2.2 billion
Adjusted EBITDA
EUR 401 million
Adjusted EBITDA Margin
18.2%
Net-net Revenue Adjusted EBITDA Margin
22.9%
Free Cash Flow
EUR 40 million
Free Cash Flow Conversion Rate
circa 10%
Normalized Net Income Group Share
EUR 121 million
Reported Net Income Group Share
loss of EUR 4.2 billion
Goodwill Impairment
EUR 4.1 billion
Merchant Services EBITDA
EUR 311 million
Merchant Services EBITDA Margin
19.3%
Financial Services EBITDA
EUR 92 million
Financial Services EBITDA Margin
22.4%
MeTS EBITDA
EUR 30 million
MeTS EBITDA Margin
16.8%
Net Debt
EUR 2.1 billion
Net Debt to Adjusted EBITDA
2.2x
Cash Position (end June)
EUR 1.2 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Gregory Lambertie
Group Chief Financial Officer
No Bio Available
Mr. Christophe Duquenne
Group Chief of Technology & Operations
No Bio Available
Laurent Marie
Head of Investor Relations
No Bio Available
Mr. Pierre-Emmanuel Degermann
Group Head of M&A and Development and Head of Strategy, Public & Regulatory Affairs
No Bio Available
Ms. Florence Gallois
Chief People Officer
No Bio Available
Mr. Vincent Roland
Group Head of Strategic Developments & Partnerships
No Bio Available
Sarah Pearl Bokobza
Head of French Corporate PR
No Bio Available
Ms. Lisa Coleman
Group Head of Operational Performance
No Bio Available
Mr. Pascal Mauze
Chief Revenue Officer of Financial Services
No Bio Available
Mr. Alessandro Baroni
Head of Financial Services
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Paris
Tour Voltaire, 1 Place Des Degres, Cs 81162
Contacts
+33134349595.0
worldline.com