Worldline CEO exits as payments group issues another profit warning

Quick Summary:

:French payments group Worldline announced on Friday the departure of its long-time CEO Gilles Grapinet as it issued its third profit warning within a year, sending its shares sharply lower.

The shares were down 17 per cent by 0833 GMT, after hitting a record low earlier in the session and extending their year-to-date decline to 55 per cent.

Worldline said it saw weaker summer trading and "specific performance issues" in its Pacific business and other markets.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceItaly

Topics: Financial Payments Company Group Year Shares Growth Cent Worldline Business Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 15:20:28 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22488193

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