Worldline: reduces FY targets
(CercleFinance.com) - Worldline has reduced its 2023 targets, reflecting market conditions; it now expects organic sales growth of 6% to 7% and an EBITDA margin that is down around 150bp.
The payment solutions group posted Q3 sales of E1.18bn, up 4.8% organically, mainly driven by its merchant services division (+7.6%, with +10% excluding Germany).
Worldline also announces Power24, a plan to accelerate its post-integration transformation. It aims to achieve FY cash cost savings of E200m by 2025, with a rapid ramp-up in 2024.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The payment solutions group posted Q3 sales of E1.18bn, up 4.8% organically, mainly driven by its merchant services division (+7.6%, with +10% excluding Germany).
Worldline also announces Power24, a plan to accelerate its post-integration transformation. It aims to achieve FY cash cost savings of E200m by 2025, with a rapid ramp-up in 2024.
Copyright (c) 2023 CercleFinance.com. All rights reserved.