Worldline SA

WLN: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€61.00	Qlzxgpm	Dhjbsmhr

Worldline Earnings: Operating Leverage and Good Growth in Merchant Services Drive Margin Expansion

Niklas Kammer

Aug 7, 2023

Worldline reported first-half adjusted operating profit of EUR 519 million, up 13.4% versus the same period last year, as the group continues to enjoy good traction in its largest segment merchant services. We maintain our EUR 91 per-share fair value estimate and narrow moat rating.

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