0856 GMT - Worldline's new management decided to withdraw the guidance set by the interim CEO out of caution and the revenue mix's negative impact on profitability, Stifel says in a research note. The French payments company promised to update its outlook at its first-half results in July instead. "New CEO Pierre-Antoine Vacheron left us with a good impression but also with the confirmation that the road ahead will be rocky," analysts write, adding that the executive has a lot of work ahead. His intention to focus on small and medium enterprises is a right strategic call given the large opportunity in the segment and potentially high margins, though competition in the space is slowly increasing, they say. Shares drop 9% to 5.19 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 04:56 ET (08:56 GMT)
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