FY2025 in line with guidance Operational turnaround and transformation on track FY 2025 results, including MeTS: €4.5B Group revenue1, -2.4% organically vs 2024 (guidance of low single digit percentage decline)€841M adjusted EBITDA1, 18.7% adj EBITDA margin (guidance at €830m to €855m)€(9)M free cash flow12 (guidance at €-30M to €0M+) with €(49)M in H2 2025Net result at €(5,157)M Group Share including €(4,647)M impairments of goodwillNormalised net results at €175M Excluding MeTS (under IFRS53) revenues, a ...

Worldline disposal programme nearly complete, it says after hitting annual results targets | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of payments company Worldline is seen at the Viva Technology conference at Porte de Versailles exhibition centre in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo [Purchase Licensing Rights, opens new tab]Feb 25 (Reuters) - Digital payment service group Worldline's [(W ...

Core Viewpoint - Worldline is selling its Indian payment activities to BillDesk for an estimated equity value of approximately €60 million, while entering a long-term technology partnership to ensure operational continuity and leverage Worldline's advanced payment software [2][3]. Group 1: Transaction Details - The enterprise value of the transaction is approximately €37 million, with an estimated equity value at closing of around €60 million [5]. - The revenue, Adjusted EBITDA, and free cash flow deconsolidation impact from this transaction are estimated at approximately €90 million, €8 million, and free cash flow neutral on a full-year basis, respectively [5]. - The transaction is expected to close in the second half of 2026, subject to customary processes and applicable laws [7]. Group 2: Strategic Implications - This sale is a significant step in Worldline's strategy to focus on core payment activities in Europe, streamline operations, and optimize resource allocation [6]. - The estimated cash proceeds from this transaction will enhance Worldline's financial profile and strategic flexibility, allowing for capital redeployment towards core activities [6]. Group 3: Commitment to India - Worldline remains committed to India as a strategic hub for talent and innovation, planning to evolve its Global Competence Centres into innovation hubs to build critical payment talent pools and drive automation and AI at scale [4].

Share capital reduction by reducing the nominal value of Worldline’s shares Paris La Défense – 29/01/2026 Worldline [Euronext WLN] (the « Company ») announces today the implementation of the share capital reduction by reducing the nominal value of the shares by decision of the Board of Directors dated 29 January 2026, taken in accordance with the first extraordinary resolution of the Extraordinary General Meeting held on 8 January 2026. The nominal value of each share of the Company is reduced from sixty-e ...

Core Viewpoint - Worldline has announced a share capital reduction by decreasing the nominal value of its shares, which is a technical move aimed at facilitating a future capital increase of approximately €500 million [1][3]. Group 1: Share Capital Reduction Details - The nominal value of each share is reduced from €0.68 to €0.02, resulting in a total share capital reduction from €193,095,639 to €5,679,283.50 [2]. - Following this reduction, the company's share capital consists of 283,964,175 ordinary shares [4]. Group 2: Impact and Purpose - This transaction is purely technical and will not affect the stock price, the number of shares outstanding, or the overall value of the company's equity [3]. - The share capital reduction is part of the preparations for a significant capital increase, which was announced during the capital market day on November 6, 2025 [3].

Group 1: Market Sentiment and Focus - The European software sector is experiencing a sharp sell-off, leading to a search for stabilizing factors, with SAP's upcoming earnings report being a focal point for market sentiment [1] - Morgan Stanley analysts expect core software companies to report solid Q4 data despite ongoing concerns about generative AI, which has weakened investor sentiment [1][3] - Barclays previously indicated that the earnings season may not serve as a positive turning point for market sentiment, citing fears over AI's disruptive potential and unsustainable capital expenditures by large cloud service providers [1] Group 2: SAP's Performance Expectations - Morgan Stanley's data highlights that the market is focused on whether SAP can deliver on its high growth promises for cloud business, with expected cloud revenue growth of 26% to 28% year-over-year [3] - SAP's total revenue is projected to be between €33.1 billion and €33.6 billion, with non-IFRS EBIT expected to reach €10.3 billion to €10.6 billion, reflecting a year-over-year growth of 26% to 30% [3] - Morgan Stanley maintains a positive outlook on SAP, emphasizing that achieving its mid-term goals could instill much-needed confidence in the software sector [3] Group 3: Payment and Fintech Sector Dynamics - The payment and fintech sectors are showing increasing divergence, with companies like Wise demonstrating acceleration in growth, while others like Worldline face transformation risks [2][4] - Morgan Stanley is optimistic about Adyen, viewing it as a structural winner with growth acceleration potential, while Worldline is rated underweight due to execution risks in its transformation plan [4] Group 4: Performance Disparities in Tech Stocks - In the IT services and hardware sectors, significant performance disparities are noted, with Computacenter showing strong growth and exceeding profit expectations [5] - Morgan Stanley adopts a cautious stance on Oracle, citing potential revenue opportunities from GPUaaS but also highlighting risks related to infrastructure costs and financing needs [6] - The firm advises investors to focus on companies demonstrating resilient growth and not adversely affected by structural technological changes like generative AI [6]

Core Insights - Public sector banks (PSBs) are increasingly entering the QR-code led merchant payments space, aiming to compete with fintech companies like BharatPe, PhonePe, and Paytm [15] - This shift in strategy is driven by the revenue opportunities in the small merchant ecosystem and the dominance of UPI payments [2][15] - Banks are focusing on building direct relationships with merchants and enhancing their payment platforms with features like instant onboarding and on-demand settlement [10][15] Industry Trends - The Reserve Bank of India reports approximately 728 million QR codes deployed in the country, compared to only 11 million POS terminals, indicating a significant market potential [7] - Industry estimates suggest there are around 30 million soundbox terminals in India, further highlighting the growth opportunities in the small merchant payment sector [7] - Paytm has disclosed quarterly disbursals of around ₹4,500 crore for merchants, with a significant portion of transactions driven by UPI QR code-based payments [8][9] Competitive Landscape - Players like Worldline are collaborating with banks to provide technology stacks and backend settlements, enabling a comprehensive payment service for small merchants [5][15] - Banks are motivated by the low cost of deploying payment solutions and the potential for data and lending opportunities in this market [6][15] - The entry of banks into the small merchant payment business may lead to competition with fintechs, although industry insiders believe this conflict may not be immediate [12][15]

Core Insights - Ingenico has partnered with WalletConnect Pay to facilitate in-store payments using stablecoins, aiming to integrate digital currencies into mainstream retail [1][2] - The integration allows merchants using Ingenico's infrastructure to accept stablecoins like USDC across various EVM-compatible networks [2] Group 1: Partnership and Integration - Ingenico's collaboration with WalletConnect connects its extensive merchant network with WalletConnect's multichain payment capabilities [1] - The rollout of stablecoin payments targets various in-person use cases, including retail, hospitality, transportation, and vending [3] - WalletConnect supports over 700 wallets and has processed more than $400 billion in volume in the past year, with a significant portion attributed to stablecoin transactions [5] Group 2: Consumer Experience - Consumers can utilize any WalletConnect-compatible wallet to make payments directly from their wallets, with transactions settling on-chain [4] - The integration aims to provide a familiar checkout experience at physical terminals, aligning with existing Web3 user behavior [5] Group 3: Industry Context - Ingenico has over 40 years of experience in payment acceptance and holds a significant share of the global POS terminal market [7] - The company is part of Worldline's payment services group following a multi-billion-dollar acquisition in 2020, enhancing its capabilities in the payment sector [7] Group 4: Future Developments - Integration for acquirers and payment service providers is scheduled for January 2026, indicating a strategic long-term vision for expanding stablecoin payment acceptance [6]

Core Viewpoint - Worldline has successfully approved a €500 million capital increase, supported by strategic investors, to strengthen its financial structure and advance its North Star 2030 transformation plan [1][2][6]. Capital Increase and Financial Strategy - The capital increase will consist of a reserved capital increase of approximately €110 million and a rights issue of around €390 million, with commitments from Bpifrance Participations, Crédit Agricole SA, and BNP Paribas totaling €135 million [9]. - Four banks, including Barclays and J.P. Morgan, are providing standby underwriting for the rights issue, which is expected to launch by the end of Q1 2026 [7][6]. Operational Performance and Outlook - Worldline anticipates a low-single digit percentage decline in FY25 organic revenue, with adjusted EBITDA projected between €830 million and €855 million [15]. - Free cash flow is expected to range from €(30) million to €0 million+ [15]. - The company has confirmed its 2025 outlook and aims for stabilization of operational performance, with improvements in customer satisfaction and a reduction in churn rates for small and medium-sized businesses [10][11]. North Star 2030 Plan Execution - The execution phase of the North Star 2030 plan is underway, with initial milestones achieved and tangible results expected in 2026 [11]. - The company has announced four divestments in five months, with closures anticipated in H1 2026, as part of its strategy to simplify operations [11]. Shareholder Engagement - The approval of all resolutions during the Extraordinary General Meeting reflects shareholder confidence in the company's strategic roadmap under CEO Pierre-Antoine Vacheron [2][3].

Core Viewpoint - Worldline has successfully approved a €500 million capital increase, supported by strategic investors, to strengthen its financial structure and advance its North Star 2030 transformation plan [1][2][6]. Capital Increase and Financial Strategy - The capital increase will consist of a reserved capital increase of approximately €110 million and a rights issue of around €390 million, with commitments from Bpifrance Participations, Crédit Agricole SA, and BNP Paribas totaling €135 million [9]. - Four banks, including Barclays and J.P. Morgan, are providing standby underwriting for the rights issue, which is expected to launch by the end of Q1 2026 [7][6]. - The company aims to enhance its financial flexibility and support the execution of its transformation plan through this capital increase [6][3]. Operational Performance and Outlook - Worldline confirmed a low-single digit percentage decline in FY25 organic revenue, with an adjusted EBITDA forecasted between €830 million and €855 million [15]. - Free cash flow is projected to range from €(30) million to €0 million or more [15]. - The company has reported stabilization of operations, with improvements in customer satisfaction and a reduction in churn rates for small and medium-sized businesses [10][3]. North Star 2030 Plan - The execution phase of the North Star 2030 plan is underway, with initial milestones achieved and tangible results anticipated in 2026 [11]. - The company has undertaken decisive actions to address operational challenges and simplify its structure, leading to visible improvements [8]. Shareholder Engagement - The approval of all resolutions during the Extraordinary General Meeting reflects shareholder confidence in the company's strategic roadmap [2]. - The management team, led by CEO Pierre-Antoine Vacheron, expressed gratitude for shareholder support in advancing the transformation journey [2].