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The logo of payments company Worldline is seen at the company headquarters in the financial and business district of La Defense, near Paris, France, October 26, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/PARIS, Dec 1 (Reuters) - French digital payments company Worldline (WLN.PA) is considering options including asset sales as part of efforts to reassure shareholders after a sharp drop in its share price, three people familiar with the matter said. Another said assets sales may come from its software businesses but suggested these might not be sizeable enough to revitalise its shares. Other French banks could also partner with Credit Agricole for a role in Worldline's future, this person added. Bloomberg first reported Credit Agricole's interest in buying a stake in Worldline, prompting its shares to soar by almost 12% earlier on Friday.

Persons: Gonzalo Fuentes, Worldline, Adyen, Tommaso Nieddu, Amy, Jo Crowley, Mathieu Rosemain, Pablo Mayo Cerqueiro, Diana Mandiá Álvarez, Gaëlle Sheehan, Kirsten Donovan Organizations: La Defense, REUTERS, Worldline's Mobility, Worldline, Credit Agricole SA, Credit Agricole, Bloomberg, Credit, Thomson Locations: La, Paris, France, PARIS, Germany, appeasing, Worldline's, U.S, Worldline

☆ Wordline shares surge on report Credit Agricole could take stake
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

The logo of payments company Worldline is seen at the company headquarters in the financial and business district of La Defense, near Paris, France, October 26, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Dec 1 (Reuters) - Shares in Worldline (WLN.PA) surged almost 12% on Friday after a media report said Credit Agricole (CAGR.PA) was considering acquiring a stake in the French payment processing company. Other French financial institutions could also look at playing a role in Worldline's future, Bloomberg added, citing some of the people. Italian payments company Nexi (NEXII.MI) last month confirmed its guidance while the Netherlands' Adyen (ADYEN.AS) reassured the market with its "more realistic" medium-term guidance. Worldline shares have fallen more than 58% this year.

Persons: Gonzalo Fuentes, Piotr Lipinski, Sharon Singleton, Kirsten Donovan Organizations: La Defense, REUTERS, Rights, Bloomberg, Credit, Thomson Locations: La, Paris, France, Worldline, Germany, cybercrime, Netherlands

☆ Adyen lowers mid-term sales target, aims to slow hiring
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

The Adyen logo is seen at the reception desk of the company's headquarters in Amsterdam, Netherlands August 24, 2018. "Overall targets are lowered from previous targets and while likely more realistic, they still look ambitious," Jefferies analysts said in a note. Adyen added it would aim to improve its core profit (EBITDA) margin to above 50% in 2026. This year so far, Adyen has lost about half its market value which currently stands at 21.58 billion euros. It said it would slow down hiring, and that it hired 175 full-time employees over the quarter, which was "substantially below" Jefferies' expectations.

Persons: Eva Plevier, Adyen, France's, Jefferies, Olivier Sorgho, Piotr Lipinski, Elaine Hardcastle, Josie Kao Organizations: REUTERS, Netflix, Spotify, Jefferies, New, Thomson Locations: Amsterdam, Netherlands, New York, U.S

Worldline's (WLN.PA) stock slide, which saw around $4 billion wiped off its market value, is the latest wake-up call. COMMISSIONS CUTRevenue growth has suffered at payments firms as inflation has force European consumers to spend less, while investors fret about the euro zone slipping into recession. Some analysts say payments firms have also been caught napping, after a period of growth during COVID lockdowns. In a further sign of investor wariness, venture capital investment flows into European payment firms have also dried up. Now, it may leave private equity investors to pick up the pieces for payment service firms, analysts said.

Persons: Dado Ruvic, Paul Charpentier, Bryan Garnier, napping, Jefferies, Hannes Leitner, Leitner, Charpentier, wariness, Italy's Intesa Sanpaolo, Morgan Stanley, Worldline, Bryan Garnier's Charpentier, Elizabeth Howcroft, Alexander Smith Organizations: REUTERS, PayPal, Holdings, Companies, Barclays, Reuters, Spain's Banco Sabadell, Fidelity National Information Services, CVC Capital Partners, CVC, Thomson Locations: London, U.S, Nexi, Europe

☆ Credit Agricole and Worldline plan French payments business
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

PARIS, April 19 (Reuters) - Credit Agricole (CAGR.PA) and payment services company Worldline (WLN.PA) have begun exclusive talks to set up a joint venture to provide payment services to businesses and their customers, they said on Wednesday. The joint-venture, slated to be fully operational by 2025, would be majority owned by Worldline and fully consolidated in the payments company's accounts, they said. It will involve an investment of 80 million euros, shared equally between Worldline and Credit Agricole, they said. Credit Agricole has a target to increase sales stemming from payments by 20% by 2025. The French bank previously had a "strategic partnership" focused on payments with German group Wirecard, which filed for insolvency in 2020.

☆ Worldline seeks more tech M&A as it beats Q4 sales estimates
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

Feb 21 (Reuters) - French payment services company Worldline (WLN.PA) will keep looking for technology acquisition opportunities in Europe, it said on Tuesday after it beat fourth-quarter sales expectations. The group, which processes digital payments for clients from merchants to government agencies, produced organic sales growth of 10.7% in 2022 and forecast 2023 organic sales growth of between 8% and 10% for 2023. JPMorgan analysts said: "Overall we see the results as good, the guidance at best in-line but not better than market expectations." Its fourth-quarter organic sales growth of 8.3% beat an analysts' consensus estimate of 7.7% provided by the company, which was driven by market share gains and volume growth in its Merchant Services business. Worldline reaffirmed its 2024 ambitions, including the goal of becoming leading consolidator of the European payment industry.

☆ France's Worldline posts Q3 revenue beat, confirms guidance
▼ + stars: | 2022-10-25 | by ( Elena Vardon | ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - French payment company Worldline's (WLN.PA) quarterly revenue slightly beat expectations on Tuesday, driven by volume growth and market share gains in its merchant services business. "Thanks to this strong execution and a still solid level of transaction volumes, we confirm our 2022 annual guidance," Chief Executive Officer Gilles Grapinet said in a statement. The French group also announced on Tuesday it bought 55% of Polish start-up SoftPos.eu, which turns Android devices into secure payment terminals. Grapinet said the company will continue to invest in innovation as it considers diversifying its acquisition targets to address new market segments. ($1 = 1.0121 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Elena Vardon and Juliette Portala; Editing by Jacqueline Wong and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

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