As part of its revised guidance for 2023, Worldline states it now expects 6% to 7% in organic growth with respect to revenue, as opposed to its previous forecast of 8% to 10% growth for the year.
It attributes the revision to a “much tougher macro context” in the second half of 2023, including economic slowdown in its core geographies – in particular Germany – as well as shifts in consumer behaviour from “discretionary to non-discretionary spendings”, which are impacting its growth and profitability.
Worldline also highlights temporary challenges within the company, including the termination of some of its merchant relationships following an assessment of associated risks and costs, and a low conversion of opportunities seen in its financial services division.
