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WORLDLINE : EGM results - Press release
Globenewswire· 2026-01-08 17:30
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].
WORLDLINE : EGM results - Press release
Globenewswire· 2026-01-08 17:30
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].