Earnings release
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PRESS RELEASE Worldline Q1 2021 revenue fully in line with company trajectory Revenue : € 1,080 million , -9.0 % organically Q1 performance impacted by health restrictions in Worldline's key countries Ingenico integration on track Two thirds of Ingenico 2021 synergies already secured TSS strategic review progressing as planned 2021 objectives confirmed At least mid - single digit revenue organic growth c . 200 bps OMDA margin improvement ( c . 26 % ) vs. 2020 proforma ( 23.9 % ) Circa 50 % OMDA conversion to FCF Bezons , April 21 , 2021 Q1 2021 revenue . Worldline [ Euronext : WLN ] , leader in the payments industry , today announces its Gilles Grapinet , Worldline's Chairman and CEO , said : " Worldline showed strong resilience during the first quarter in the face of a third Covid wave of health restrictions in most of our key countries . In this challenging operating environment , Worldline shown a strong resilience , with an organic decline limited to 9 % , supported by the increased share of our online activities and the acceleration of cashless payment trend . The evolution of payment transaction volumes is fully in line with our central scenario with an improvement at the end of the first quarter , setting the conditions for growth acceleration in the second quarter onwards . This trend is supported by the expected easing of restrictions in our key countries as well as by the acceleration of the rollout of vaccination campaigns to reach a collective immunity in the course of the summer 2021 , as per the official targets of European governments . The first quarter also saw rapid and significant progress of the Ingenico integration , allowing us to already secure a vast majority of the synergies expected in 2021 , supporting our objective of c . 200 basis points profitability improvement this year . Hence , we confirm our full year 2021 guidance . In parallel , we pursue the execution of our strategic roadmap with the expected completion in 2021 of the strategic review of the payment terminals business as planned , while keeping as usual a maximum focus on new consolidation opportunities . " 1