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Worldline - Group exposure to the situation in Ukraine and Russia
Source: Nasdaq GlobeNewswire / 18 Mar 2022 13:00:00 America/Chicago
Update on Worldline exposure
to the situation in Ukraine and RussiaParis La Défense, March 18, 2022 – Worldline [Euronext: WLN], a global leader in the payments industry, informs about its Group exposure to the situation in Ukraine and Russia according to European Securities and Market Authority (ESMA) relayed by the French regulator Autorité des Marchés Financiers (AMF) recommendations.
Considering the development of the situation in Ukraine and the geopolitical context, the Worldline Group, in compliance with its corporate policies, has been immediately enforcing all the international sanctions applicable to Russia and will pursue doing so as long as necessary.
In line with the recommendations of the European Securities and Market Authority (ESMA) relayed by the French regulator Autorité des Marchés Financiers (AMF), the Group confirms that its business related to Russia is limited, representing only c. 1.5% of its 2021 estimated proforma annual Worldline Group’s revenue on continued operations, mainly from its online acceptance business, operated from outside Russia and allowing domestic consumers to transact online with non-Russian international Merchants.
More broadly, while having no business exposure to Ukraine, other Eastern European neighboring countries to Russia and Ukraine1,represent only c. 1.5% of the estimated proforma annual Group's revenues in 2021 on continued operations, of which circa half of it related to transaction processing activities (Financial Services) in the Baltics. These activities are not impacted by the current conflict in Ukraine.
Moreover, the Group has no significant exposure to Russian software solutions or subcontractors impacted by the ongoing sanctions or those who could be, due to its internal development policy of its own solutions.
Forthcoming events
- April 27, 2022 Q1 2022 revenue
- June 9, 2022 Annual General Shareholders’ Meeting
- July 27, 2022 H1 2022 results
- October 25, 2022 Q3 2022 revenue
Contacts
Investor Relations
Laurent Marie
+33 7 84 50 18 90
laurent.marie@worldline.comBenoit d’Amécourt
+33 6 75 51 41 47
benoit.damecourt@worldline.comCommunication
Sandrine van der Ghinst
+32 499 585 380
sandrine.vanderghinst@worldline.comHélène Carlander
+33 7 72 25 96 04
helene.carlander@worldline.comAbout Worldline
Worldline [Euronext: WLN] is a global leader in the payments industry and the technology partner of choice for merchants, banks and acquirers. Powered by 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and innovative solutions fostering their growth. Services offered by Worldline include instore and online commercial acquiring, highly secure payment transaction processing and numerous digital services. In 2021 Worldline generated a proforma revenue close to 4 billion euros. worldline.com
Worldline’s corporate purpose (“raison d’être”) is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. Worldline makes them environmentally friendly, widely accessible, and supports social transformation.
Disclaimer
This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviours. Any forward-looking statements made in this document are statements about Worldline’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Worldline’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2020 Universal Registration Document filed with the French Autorité des marchés financiers (AMF) on April 13, 2021 under the filling number: D.21-0303 and its Amendment filed on July 29, 2021 under the filling number: D. 21-0303-A01.
Worldline does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.
This document is disseminated for information purposes only and does not constitute an offer to purchase, or a solicitation of an offer to sell, any securities in the United States or any other jurisdiction. Securities may not be offered or sold in the United States unless they have been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any U.S. state, or are exempt from registration. The securities that may be offered in any transaction have not been and will not be registered under the U.S. Securities Act or the securities laws of any U.S. state and Worldline does not intend to make a public offering of any such securities in the United States.
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