Worldline: revises forecasts for FY 2024

(CercleFinance.com) - Worldline has experienced a slowdown in activity, as well as specific underperformance in its Pacific region activities and in certain verticals of the global online business (e.
g. Travel).

Action plans have consequently been implemented, notably on sales and cash costs. The company will elaborate on these measures in the Q3 2024 publication.

Worldline confirms the good progress of Power24 to deliver around E220m of cash savings on an annualised basis in 2025.

As a result, Worldline has revised its guidance for FY 2024, taking into account these new developments.

The group is now targeting organic sales growth of around 1%, which could increase if economic conditions improve, adjusted EBITDA of around E1.1bn and free cash flow of around E0.2bn.


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