Worldline CEO exits, shares plunge as payments firm issues another profit warning
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
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Source: Reuters
CEO Departure and Profit Warnings: Worldline's CEO Gilles Grapinet is leaving the company following its third profit warning in a year, which has led to a significant drop in share prices, now down about 92% since July 2021. Deputy CEO Marc-Henri Desportes will take over as interim CEO starting September 30.
Investor Reactions and Future Outlook: Investors are hopeful that the new leadership will drive organic growth, despite the company's revised expectations for revenue growth and EBITDA, along with ongoing cost-saving measures due to weaker trading performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
