Worldline SA

WLN: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€77.00	Xkydg	Hpjpzltd

Worldline: Organic Revenue Growth Remains Strong; Shares Cheap

Niklas Kammer

Apr 26, 2023

Narrow-moat Worldline posted a good first-quarter revenue release. On an organic basis, revenue grew 9.2% to EUR 1,070 million. The growth driver remained merchant services (up 12.6%), Worldline’s largest segment (71% of first-quarter revenue). Commercial acquiring stood out in the quarter with 13% volume growth, split into 11% growth in in-store and 19% in e-commerce.

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