Worldline Sa Ord (WWLNF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, thanks a lot, and good evening everyone, and thank you for joining us for this call. I'm here with Srikanth Seshadri, our group CFO, and I'm happy to share with you our results for the full year, and especially the dynamics of Q4, as well as our perspectives for 2026. We distributed a deck on top of the press release and since we had a lot to share with you but a limited amount of time, you will find a lot in appendix of the deck and this is on purpose. So it's been just one year for me as a CEO of the company. When I joined Warline, I came with a strong conviction that this company had the position and the assets to be the main European operator of critical infrastructure in Europe. And I must say that after one year, I'm even more convinced. Obviously, we made a lot of headwinds during this first year, but I am proud to say that we are today where I wanted us to be, with a stabilized company, significant progress in our business turnaround, and a transformation in full motion. With the fifth disposal announced this morning with Worldline India, we entered 2026 operationally much stronger than a year ago and focused on our mission, payments and only payments, and this in Europe. So, as I said, it has been, for me, a year of stabilization and turnaround. Yes, I'm trying to follow where we are. Okay, so looking at the numbers first, I'm happy to share and to state that we did what we said we would do. In terms of revenue, we closed the year at 4.5 billion euros pre-IFRS 5, and we'll come back to that. which is minus 2.4% organically, in line with our low single-digit decline guidance, and Q4 was at minus 1.5% organic. In terms of adjusted EBITDA, we close at €841 million, representing an 18.7% margin on external revenue. In the range, 830, 855 that we commi...