What are Worldline SA's future M&A plans?

Worldline SA has no plans for mergers or acquisitions in the medium term, according to CEO Pierre-Antoine Vacheron.

What is CEO Pierre-Antoine Vacheron's priority for Worldline?

CEO Vacheron's priority is to relaunch the group and return to generating cash, alongside cost-cutting and asset simplification.

Is Worldline selling its Italian operations?

No, Worldline CEO Vacheron has ruled out selling its Italian operations, deeming Italy a strategic market with growth potential.

Home / Business and Economy / Worldline CEO Eyes Turnaround, Shuts Down Merger Talk

Worldline CEO Eyes Turnaround, Shuts Down Merger Talk

28 Dec

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Summary

Worldline CEO denies medium-term merger or acquisition plans.
Focus is on relaunching the group and returning to cash generation.
A €500 million capital raise is part of the strategic plan.

Worldline CEO Eyes Turnaround, Shuts Down Merger Talk

Worldline SA's Chief Executive Officer, Pierre-Antoine Vacheron, has definitively ruled out pursuing mergers or acquisitions in the medium term. He emphasized that the company's immediate priority is a comprehensive relaunch aimed at restoring robust cash generation.

Vacheron detailed a strategic plan that includes aggressive cost reduction measures, the divestiture of non-essential assets, and the simplification of the firm's operational framework. This strategy is supported by a planned €500 million capital raise, which the CEO expects to be fully subscribed.

Furthermore, Vacheron highlighted Italy as a crucial strategic market, citing significant growth margins. He explicitly dismissed any possibility of selling Worldline's Italian operations, underscoring their importance to the company's future success and turnaround.