Worldline Sa Ord (WWLNF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thanks a lot. Good evening, everyone, and thank you for joining us for Worldline's H1 2026 results call. I'm joined by Srikanth Seshadri, our group CFO, and I will take you first to the key business highlights and strategic progress before Srikanth presents the financials in more detail. So I will start with the slide five. H1 marks an important step forward for our lines turnaround and transformation. Everything is not done yet, far from it, but we delivered what we committed for the first half and this period shows clear momentum across the organization. First, as you know, we have significantly strengthened the balance sheet. Together with the successful capital increase, and the closing of most of the M&A transactions including the super important METS and call, we have significantly reduced our net debt with a leverage which is now down to less than two times the EBITDA. Second, merchant services has regained traction with a second consecutive quarter of growth and even acceleration during Q2. Financial services remain impacted by contract termination, as planned, but also by a longer sales cycle than we would have liked. Still, the quality of recent important wins reinforces our confidence in our positioning and mid-term trajectory on this segment. Third, Northstar is working. and delivering tangible progress on the priority we laid out at the Capital Market Day across simplification, platform convergence, integration and commercial execution. And finally, our profitability is starting to improve, especially on merchant services, supported by disciplined cost management and the first benefits of our transformation program with reduction of headcount in Western Europe ahead of our 2030 trajectory. Turning to slide 6 and the key figures for H1. As you can see, ou...