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Shares in Worldline fell more than 50 per cent on Wednesday to a record low after the French payments group warned that revenues and margins would take a hit this year from a deteriorating economic outlook.
One of the world’s largest payments specialists, Worldline was spun out of French tech group Atos in 2014. It grew rapidly through a series of acquisitions, and entered the CAC 40 index of French blue-chip companies in 2020, with a market value of more than €11bn.
By mid-morning on Wednesday, Worldline’s value had shrunk to about €3bn and its shares were temporarily suspended from trading on the Paris stock exchange.
Shares in payments groups have been hit this year as interest rate rises have dented the fintech sector. Rival Adyen shed more than 40…
