The French payment services company, Worldline, has confirmed its optimistic outlook for 2023 following a successful first half of the year. With revenue reaching €2.24 billion ($2.48 billion), representing a notable increase of 9% compared to the same period in 2022, the company is on a path of growth. Moreover, net income from continued operations surged by 52% to €81 million, and when normalized for unusual and infrequent items, net income increased by 14% to €243 million.
Worldline's operating margin before depreciation and amortization also saw a substantial rise, reaching €519 million, signifying a 13% increase from the previous year. With an operating margin of 23.1%, the company is positioned for continued success going forward.
The exceptional performance of Worldline can be attributed to the success of its merchant services division, as well as its strategic acquisition of Ingenico, which has improved competitive positioning within the industry. Additionally, industry trends and cost optimization efforts have also contributed to the company's impressive performance in the second half of the year.
Excitingly, Worldline has reconfirmed its 2023 guidance, aiming for organic revenue growth between 8% and 10%. This solidifies the company's positive trajectory in the market.