WORLDLINE_REGISTRATION_DOCUMENT_2017
Financials Objectives
2018 Objectives E.2
Fully in line with 2019 ambition (6 to 8% organic growth, OMDA rate above 23% (*) and between € 230 million and € 245 million of free cash flow), the 2018 objectives are as follows: Revenue The Group expects to achieve an organic growth of its revenue, at constant scope and exchange rates, of between 5% and 7% . OMDA The Group targets an OMDA margin between 22% and 23% (*) . Free cash flow The Group has the ambition to generate a free cash flow of between € 200 million and € 210 million, including c.€ 20 million of synergy implementation costs. (*) Calculated based on revenue recognized under IFRS15
E.3
Financial review [GRI 102-7]
Income statement
E.3.1
The Group reported a net income (attributable to owners of the parent Worldline SA) of € 105.5 million for the full year 2017 (€ 144.2 million for the full year 2016), which represented 6.6% of Group revenue for the period. The normalized net income
before unusual and infrequent items (net of tax) for the period was € 144.1 million, representing 9.0% of revenues compared to
E
€ 127.4 million in 2016.
E.3.1.1
Reconciliation fromoperatingmargin to net income
12 months ended December 31, 2016
12 months ended December 31, 2017
% Margin
% Margin
(In € million)
Operating margin
253.1
15.9% 196.6
15.0%
Other operating income/(expenses)
-67.6
13.3
Operating income
185.5
11.6% 210.0
16.0%
Net financial income/(expenses)
-8.1
-5.9
Tax charge
-44.1
-53.7
Share of net profit/(loss) of associates Non-controlling interests and associates
0.1
-27.9
-6.2
Net income – Attributable to owners of the parent Normalized net income – Attributable to owners of the parent*
105.5
6.6% 144.2
11.0%
144.1
9.0% 127.4
9.7%
*
Defined hereafter. section E.3.1.6
187
Worldline 2017 Registration Document
Made with FlippingBook - professional solution for displaying marketing and sales documents online