What doesn’t destroy me makes me stronger. You still need to be able to reassure yourself by comparing yourself. And this is perhaps where the shoe pinches the most for Worldline shareholders. In terms of bad news punished by a stock market crash (-15% after the half-yearly publication), the payment service provider headed by Gilles Grapinet has already experienced much worse. During the black day at the end of last October, the punishment was quadruple (-60%), to be engraved in the stock market annals.
Even though wounds of this magnitude inevitably take a long time to heal, it is still surprising that such a slight lowering of the outlook for 2024 has caused so much damage, by plunging the stock to a new historic low, after a first half that was more in line with the expectations of financial analysts. The previous targets become the top of the new range presented. This is to take into account the slowdown in consumption in the second half.
Available levers
The common sense argument of macroeconomic prudence in Europe would have been more convincing if Italian competitor Nexi had not, on the contrary, relieved sector experts by maintaining its “annual guidance” (+1% for the share). They are waiting for the bell to ring from global giant Adyen (-2.5%), then Worldline’s “investor day” in November.
The more difficult the environment looks, the more important the levers available to pull to deal with it become in stock market stories. The only certainty is that it is not the losses and cash burned by Atos that will make them regret leaving the fold of the former digital flagship.
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