Worldline Sa Ord (WWLNF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for standing by. Welcome to the Worldline First Half 2025 Results Conference Call. Please be advised that this conference is being recorded. I would now like to hand the conference over to our speaker today, Pierre-Antoine Vacheron, Worldline Group CEO. Please go ahead. Thank you. Thanks a lot. And good morning to all of you for this H1 call. I'm here with Gregory Lamberti, our Group CFO, for his presentation. Last call with us, probably the opportunity to thank Gregory for his dedication to the company in its various shapes over the last 10 years. Gregory has been head of strategy, then CFO during all the journey at Engineering Code and OneLine. And I want to thank him for all his dedication until the very last moment. and I think we can be very proud to have had Gregory with us during those times. So let me move now, and before we enter into our presentation for H1, I would like to start with four key messages. First, as you have seen in our press releases, Q2 has been very active on many fronts, with a real sense of urgency so that we can turn around the company as soon as possible. Just to mention, entry into exclusive negotiation on METS, entering positive results on the audit of our merchant portfolio, the refinancing of the company, the assessment of our assets as part of our work on our strategy going forward, the reshuffling of the operating model in merchant services, And finally, the extensive renewal of our management team. Second comment, second message, we have strong assets and strength, and I can confirm that, but as H1 results show, we are facing several challenges that have to be overcome to restore the potential of this company in terms of growth and cash flow generation. Third, I still have uncertainty for the rest of th...