Worldline lowers 2024 outlook due to European consumption decline and recovery uncertainty.

Worldline, a French payment tech firm, has cut its 2024 outlook due to a decline in domestic consumption trends across Europe and uncertainty about a potential recovery. Shares fell 12%, making it the biggest faller on Europe's STOXX 600 index. The company now expects organic revenue growth of 2-3% and adjusted EBITDA of 1.13-1.17bn euros for the full year, down from previous expectations of at least 3% revenue growth and 1.17bn euros adjusted EBITDA.

August 01, 2024
3 Articles

Further Reading