European digital payment services group Worldline announced quarterly revenues that slightly surpassed market expectations. The company has also finalized its divestment strategy with the sale of a 51% stake in its Australian payment business.
This divestment program, designed to streamline Worldline's diverse business portfolio and foster renewed growth, comes as the company aims to recover from a period marked by profit warnings, leadership changes, and investigations.
The Paris-listed firm reported a 0.5% organic decline in quarterly revenues, reaching 831 million euros ($972 million), marginally above the 826 million euros anticipated by analysts.
Worldline sold its stake in the Australian and New Zealand payment solutions business for approximately 107 million euros. The company expects to receive between 590-640 million euros in net cash proceeds from all announced divestments this year.
Confirming its annual outlook, Worldline noted no significant impact from geopolitical challenges. The company also highlighted that its primary division, merchant services, has returned to growth for the first time since late 2024.