Worldline’s Q3 Revenues Reach €960 Million

Worldline’s Q3 Revenues Reach €960 Million

October 27, 2021

The global payments company, Worldline recently posted its financial metrics for the third quarter of 2021. During the latest period, Worldline saw a sharp increase in revenues led by a steady jump in payment transaction volume.

In Q3 2021, Worldline’s revenue touched €960 million. During the third quarter of 2020, the company reported total revenue of €887 million. Revenues related to the Group’s merchant services jumped by more than 9% in Q3 2021 while revenues related to financial services increased by 5% during the same period.

Moreover, Worldline’s mobility and e-transactional services revenue climbed by approximately 11% in the latest quarter. The financial services provider also outlined the Group’s significant organic growth during the third quarter of 2021.

“Throughout the third quarter, Worldline benefited from steady dynamics in domestic payment transaction volumes, allowing the Group to deliver particularly robust growth well in line with our central scenario for the year. The ongoing trends are expected to continue, paving the way for further acceleration in Q4. As such, we confirm our 2021 objectives, which are now excluding those of the payment terminal business,” Gilles Grapinet, CEO of Worldline, commented.

Acquisitions

Since the start of 2020, Worldline has increased its acquisitions significantly to expand its global presence. Recently, the company completed the acquisition of the Greek payments platform Cardlink. In October 2021, the company also announced the completion of the acquisition of Handelsbanken’s card acquiring activities in the Nordic region.

Worldline has also implemented some changes in its Governance with Bernard Bourigeaud appointed as Chairman. “I am honored and very proud to become Chairman of the Board of Directors of Worldline at this very important moment of the new Group’s three-year strategic plan, and to work with the Board Members and Gilles Grapinet and its management team, to endorse Worldline’s vision to create a Global payment champion for the benefit of all stakeholders and society at large,” Bourigeaud said in the press release.

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