Worldline: Q1 sales down 9% in organic terms

(CercleFinance.com) - Worldline's Q1 2021 sales reached 1,080 million euros, down 9% in organic terms.


Revenue from services to retailers and merchants amounted to 517 million euros, down 8.7% in organic terms. Meanwhile, financial services revenue came in at 216 million euros, down 2.4% in organic terms.

Payment Terminals Solutions and Services revenue amounted to 266 million euros, down 16.5% in organic terms.

The group's 2021 targets are to achieve organic revenue growth of at least 5%, an improvement of around 200 basis points in its EBO margin over a 2020 proforma EBO margin of 23.9% and free cash flow with an EBO conversion rate of around 50%.


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