Worldline’s Revenue Jumps 12.6% YoY in H1 2022

Euronext-listed payment services provider, Worldline published its financial results for the first half of 2022 (H1 2022) today. During the reported period, Worldline’s revenue touched € 2,020 million, which is up by 12.6% compared to the same period last year.

Worldline’s growth accelerated in the second quarter of 2022. In H1, the payment giant achieved several milestones including the closing of the acquisition of Axepta Italy. According to Worldline, one of the major reasons behind the latest growth is a solid jump in the company’s Merchant Services.

Gilles Grapinet, Worldline’s CEO, said: “Worldline executed a very satisfactory first half of the year with strong organic growth of 12.6%, accelerating again in Q2, confirming, 18 months after the start of the Ingenico integration, the power of our enhanced competitive positioning. This performance was, in particular, reached thanks to the very dynamic growth in Merchant Services with a steady expansion of acquiring volumes, a solid merchants count deployment, and numerous new large merchant wins and partnerships.”

In February 2022, Worldline announced the expansion of its payment offering for global merchants. In April, the payment firm acquired a majority stake in ANZ’s acquiring business.

Acquisitions

According to Grapinet, Worldline’s acquisition strategy will play an important role in its global expansion. Amid strong growth in revenues, the company confirmed its 2022 annual guidance.

“In parallel, we continued to execute our strategic initiatives during the semester with the closing of three acquisitions (Axepta Italy, ANZ commercial acquiring business in Australia and Eurobank Merchant Acquiring in Greece) which will, from now on, significantly contribute to our Merchant Services success. The disposal process of TSS is fully on track, with closing confirmed for the second half of the year. This will provide Worldline with the further financial flexibility to seize consolidation opportunities in our strong M&A pipeline,” Worldline’s CEO added.