Worldline: UBS lowers its price target

(CercleFinance.com) - Worldline's sales reached 1,163 million euros in Q3 2024, representing an organic decline of -1.
1%.

Following this announcement, UBS confirms its Sell recommendation and lowers its price target to 5 E (from 5.25 E). This target represents a potential downside of -18%.

'Worldline maintains its guidance for fiscal 2024, but revenue challenges persist' says UBS.

The Group has confirmed all its 2024 targets. It is targeting organic sales growth of around 1%, adjusted EBITDA of around €1.1 billion and free cash flow of around €0.2 billion.

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