Core Insights - Worldline has launched the "North Star 2030" transformation plan aimed at becoming the preferred European payments partner for merchants and financial institutions, focusing on operational excellence and cash flow generation [2][3][7] Financial Ambitions - The company targets a revenue compound annual growth rate (CAGR) of approximately 4% from 2027 to 2030, with expectations of reaching around €1.0 billion in EBITDA by 2030, supported by run-rate savings of about €210 million [2][18] - Free cash flow generation is anticipated to return by 2027, with a target of €300 million to €350 million by 2030 [2][18] Capital Increase - A contemplated capital increase of €500 million has been unanimously approved by the Board of Directors, with strong backing from strategic investors such as Bpifrance, Crédit Agricole SA, and BNP Paribas [3][4][10] - The capital increase will consist of a reserved capital increase of approximately €110 million and a rights issue of about €390 million, aimed at enhancing financial flexibility and supporting the transformation plan [10][16] Strategic Refocus - Worldline is divesting non-core activities, including its Mobility & e-Transactional Services and North American operations, with expected cash proceeds from these divestments in the range of €350 million to €400 million [6] - The company is simplifying its organizational structure and converging its technology platforms to improve operational efficiency and customer service [11][12] Management and Support - The renewed executive team is committed to driving the transformation and restoring cash flow generation, with significant support from key European financial institutions [4][12][17] - Strategic partnerships, such as with SIX Group, are seen as critical for Worldline's future growth and transformation [13] Operational Improvements - The North Star plan emphasizes the integration of operations and the use of advanced technologies, including AI, to optimize processes and enhance commercial performance [11][12] - Worldline aims to improve its sales execution and expand into new segments to restore growth in its Merchant Services business [8][9]