{"id":76543,"date":"2023-10-25T06:17:20","date_gmt":"2023-10-25T10:17:20","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/payment-companys-shares-dive-after-profit-warning-as-germany-deteriorates\/"},"modified":"2023-10-25T06:17:23","modified_gmt":"2023-10-25T10:17:23","slug":"payment-companys-shares-dive-after-profit-warning-as-germany-deteriorates","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=76543","title":{"rendered":"Payment company\u2019s shares dive after profit warning as Germany deteriorates"},"content":{"rendered":"
\n

Shares of Worldline were cut in half on Wednesday after the Paris-listed payments company sharply cut its guidance, blaming a deteriorating environment in Germany.<\/p>\n

Worldline said it is now expecting 6% to 7% growth in organic sales for the year, after 7.7% growth through the first nine months, after previously forecasting 8% to 10% growth this year.<\/p>\n

\n

Worldline also cut its free cash flow guidance, now seeing a conversion of 30% to 35%, from 46% to 48% previously. Its margin guidance now calls for a decline of about 150 basis points, vs. a previous forecast of a rise of more than 100 basis points. It also scrapped its 2024 guidance.<\/p>\n

CEO Gilles Grapinet said the current economic situation is generating an accelerated shift in consumer behavior, from discretionary to non-discretionary spending, which penalizes both growth and profitability.<\/p>\n

It also terminated some merchant relationships, and moved forward its cost-cutting plan called Power24, as the company forecast revenue to re-accelerate in 2024. Analysts at Stifel said the revenue guidance implies that consensus profit guidance would be revised down by around 15% to 17%.<\/p>\n

Worldline shares
\n WLN,
\n -57.15%<\/bg-quote>
\n dropped 49%, and have skidded 74% over the last year.<\/p>\n

Adyen
\n ADYEN,
\n -10.57%<\/bg-quote>,<\/span>
\n another payments firm, saw its shares slump by 6%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Worldline were cut in half on Wednesday after the Paris-listed payments company sharply cut its guidance, blaming a deteriorating environment in Germany. Worldline said it is now expecting 6% to 7% growth in organic sales for the year, after 7.7% growth through the first nine months, after previously forecasting 8% to 10% growth […]<\/p>\n","protected":false},"author":1,"featured_media":76544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-76543","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nPayment company\u2019s shares dive after profit warning as Germany deteriorates | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Worldline were cut in half on Wednesday after the Paris-listed payments company sharply cut its guidance, blaming a deteriorating environment in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=76543\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payment company\u2019s shares dive after profit warning as Germany deteriorates | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Shares of Worldline were cut in half on Wednesday after the Paris-listed payments company sharply cut its guidance, blaming a deteriorating environment in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=76543\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-25T10:17:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-25T10:17:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1698229042_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=76543#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=76543\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Payment company\u2019s shares dive after profit warning as Germany deteriorates\",\"datePublished\":\"2023-10-25T10:17:20+00:00\",\"dateModified\":\"2023-10-25T10:17:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=76543\"},\"wordCount\":205,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=76543#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=76543\",\"url\":\"https:\/\/ifintechworld.com\/?p=76543\",\"name\":\"Payment company\u2019s shares dive after profit warning as Germany deteriorates | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-25T10:17:20+00:00\",\"dateModified\":\"2023-10-25T10:17:23+00:00\",\"description\":\"Shares of Worldline were cut in half on Wednesday after the Paris-listed payments company sharply cut its guidance, blaming a deteriorating environment in\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=76543#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=76543\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=76543#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Payment company\u2019s shares dive after profit warning as Germany deteriorates\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Payment company\u2019s shares dive after profit warning as Germany deteriorates | iFintechWorld","description":"Shares of Worldline were cut in half on Wednesday after the Paris-listed payments company sharply cut its guidance, blaming a deteriorating environment in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=76543","og_locale":"en_US","og_type":"article","og_title":"Payment company\u2019s shares dive after profit warning as Germany deteriorates | iFintechWorld","og_description":"Shares of Worldline were cut in half on Wednesday after the Paris-listed payments company sharply cut its guidance, blaming a deteriorating environment in","og_url":"https:\/\/ifintechworld.com\/?p=76543","og_site_name":"iFintechWorld","article_published_time":"2023-10-25T10:17:20+00:00","article_modified_time":"2023-10-25T10:17:23+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1698229042_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=76543#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=76543"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Payment company\u2019s shares dive after profit warning as Germany deteriorates","datePublished":"2023-10-25T10:17:20+00:00","dateModified":"2023-10-25T10:17:23+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=76543"},"wordCount":205,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=76543#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=76543","url":"https:\/\/ifintechworld.com\/?p=76543","name":"Payment company\u2019s shares dive after profit warning as Germany deteriorates | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-25T10:17:20+00:00","dateModified":"2023-10-25T10:17:23+00:00","description":"Shares of Worldline were cut in half on Wednesday after the Paris-listed payments company sharply cut its guidance, blaming a deteriorating environment in","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=76543#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=76543"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=76543#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Payment company\u2019s shares dive after profit warning as Germany deteriorates"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/76543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76543"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/76543\/revisions"}],"predecessor-version":[{"id":76545,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/76543\/revisions\/76545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/76544"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}