confirmed momentum and confirmed refocusing
The dematerialized payment specialist is continuing its recovery and now has the means to accelerate acquisitions.
From July to September, the group achieved a turnover of 1.16 billion euros, representing organic growth of 10%, the fourth in a row in double digits sequentially. The first business, Merchant Services, which accounts for 71.5% of invoicing, is the most dynamic, with growth of 13.6% over the quarter.
Strength driven by merchant acquisition volumes, up 17% year-on-year and 33% compared to the third quarter of 2019, thanks in particular to “a strong performance of dynamic currency conversion (DCC) solutions and the dynamism observed during the summer season which boosted the travel and hospitality sectors“.
Tightened perimeter and confirmed objectives
Importantly, Worldline finalized the sale of TSS, the terminal branch inherited from the takeover of Ingenico, to the Apollo funds. A refocusing eagerly awaited by investors and which has enabled the group to collect 1.10 billion euros, to which will be added an additional 300 million euros next January
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