French payment services provider Worldline (Euronext: WLN) has released its results, reporting 8.3% organic growth in Q4 2022 revenue. This beat the market’s expectation that earnings would grow by 7.7%. The absolute amount was approximately €1.19 billion.
According to official statistics, the company performed well in merchant services, bringing in 835 million euros, growing at a rate of 10.3% from the previous year. In addition, financial services revenue increased by 2.9% to his €260 million. The Group’s mobile and electronic transaction services showed his 7% growth, but contributed just €92 million to total revenue.
“Our particularly strong revenue growth and commercial momentum underscore the full benefits of the Ingenico integration, even though we are only halfway through our four-year integration plan. We are emphasizing solid free cash flow generation in an inflationary environment,” said Gilles Grapinet, CEO of Worldline.
In fact, the Group’s free cash flow of 520 million euros increased by 25.5% at the end of the year.
great end to the year
The French payments giant closed out 2022 with overall annual revenues of over €4.3 billion, up 10.7% from the previous year. Operating margin before depreciation (OMDA) was €1.13 billion, representing 26% of revenues.
The group generated a net profit of €299 million, compared with a loss of €751 million in the previous year. Going forward, net income group share from continuing operations increased by 10.3% to €211 million and normalized net income increased by 23.8% to €545 million. The Group ended the year with normalized underlying earnings per share up 23.4% to €1.94, with diluted figures up 22.9% to €1.88.
After finishing 2022, Worldline is now ambitious with its 2023 expectations. The Group expects organic earnings growth of 8-10% in successive years. On top of that, OMDA is expected to grow 100 basis points.
Simplification of corporate structure
The group, on the other hand, is focused on simplifying its structure. The group sold his TSS activities to Apollo Funds last October for a total of €2.3 billion. Meanwhile, in Italy, he agreed to acquire Banco Desio’s merchant acquisition activity for $100 million.
“We … actively participated in the consolidation of the European market and continued to expand our merchant services business in attractive regions. We have further enriched the value proposition of Worldline through targeted acquisitions – the merchant segment,” Grapinet added.
French payment services provider Worldline (Euronext: WLN) has released its results, reporting 8.3% organic growth in Q4 2022 revenue. This beat the market’s expectation that earnings would grow by 7.7%. The absolute amount was approximately €1.19 billion.
According to official statistics, the company performed well in merchant services, bringing in 835 million euros, growing at a rate of 10.3% from the previous year. In addition, financial services revenue increased by 2.9% to his €260 million. The Group’s mobile and electronic transaction services showed his 7% growth, but contributed just €92 million to total revenue.
“Our particularly strong revenue growth and commercial momentum underscore the full benefits of the Ingenico integration, even though we are only halfway through our four-year integration plan. We are emphasizing solid free cash flow generation in an inflationary environment,” said Gilles Grapinet, CEO of Worldline.
In fact, the Group’s free cash flow of 520 million euros increased by 25.5% at the end of the year.
great end to the year
The French payments giant closed out 2022 with overall annual revenues of over €4.3 billion, up 10.7% from the previous year. Operating margin before depreciation (OMDA) was €1.13 billion, representing 26% of revenues.
The group generated a net profit of €299 million, compared with a loss of €751 million in the previous year. Looking ahead, net income group share from continuing operations increased by 10.3% to €211 million and normalized net income increased by 23.8% to €545 million. The Group ended the year with normalized underlying earnings per share up 23.4% to €1.94, with diluted figures up 22.9% to €1.88.
After finishing 2022, Worldline is now ambitious with its 2023 expectations. The Group expects organic earnings growth of 8-10% in successive years. On top of that, OMDA is expected to grow 100 basis points.
Simplification of corporate structure
The group, on the other hand, is focused on simplifying its structure. The group sold his TSS activities to Apollo Funds last October for a total of €2.3 billion. Meanwhile, in Italy, he agreed to acquire Banco Desio’s merchant acquisition activity for $100 million.
“We … actively participated in the consolidation of the European market and continued to expand our merchant services business in attractive regions. We have further enriched the value proposition of Worldline through targeted acquisitions – the merchant segment,” Grapinet added.