Corporate StrategyWorldline faces a €1.15 billion goodwill impairment, mostly in Merchant Services, with a new mid-term plan that lacks ambition and a clear timeframe, adding to investor uncertainty.
Financial PerformanceAnalyst recommends caution as financial services continue to decline with tough comparatives remaining until Q3 and results taking time to materialize.
Operational EfficiencyProductivity levels are trending behind competition, and the Power24 cost program is unlikely to change this productivity lag, leading to lowered OMDA margin and adjusted EBITDA estimates.