Worldline: Invest Securities opinion under review

(CercleFinance.com) - The analyst believes that last week's presentation of the roadmap was interesting and rather convincing.


The refocusing on activities with the highest organic growth potential (and the disposal of non-core activities representing up to 10% of sales), the fact that Power24 is sufficient to turn around profitability and the focus on FCF (capex and restructuring costs more limited in the future) seem relevant to us and should enable a strong rebound in results and FCF in 2025, Invest Securities says.

The question now is whether the Board of Directors will be convinced and choose Marc-Henri Desportes as the definitive CEO.

If this is not the case, the risk of a heavier restructuring led by a CEO from outside cannot be ruled out, which is why we are maintaining our opinion and our price target under review, the broker adds.


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