Worldline - Registration Document 2016

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11 Worldline 2016 Registration Document
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[GRI 102-15] and [GRI 102-11]
Risk Factors
results of operations, financial condition and prospects.
whose occurrence as of the date hereof is not considered likely to have a material adverse effect on the Group’s business,
should note that there may be other risks that have not yet been identified as of the date of this Registration Document, or
occur, could have a material adverse effect on its business, results of operations, financial condition and prospects. Investors
forth in this chapter. Such risks are, as of the date of this Registration Document, the risks that the Group believes, were they to
Investors should carefully consider all of the information set forth in this Registration Document, including the risk factors set
Risks related to the Group’s business and industry 4.1
reducing its revenue.
services, the use of the Group’s services could decline,
fails to continue to provide attractive and innovative
If the Group fails to keep pace with changes in its industry or
investments have been capitalized, incur significant write-offs.
these new services and solutions and, to the extent that such
have difficulty recovering the costs it has incurred in developing
which a market does not develop as anticipated or at all, it could
development efforts targeting new services and solutions for
and the entrance of non-traditional competitors. In order to
industry standards, changing customer needs and preferences
change, new product and service introductions, evolving
Group competes is subject to rapid and significant technological
The global payment and digital services industry in which the
to differentiate the Group’s services or to accurately predict and
services could decline. Any delay in offering new services, failure
introduce attractive and innovative services, the use of its
pace with these changes or fails to continue to develop and
from market growth and new services. If the Group fails to keep
processing and other IT platforms to best position it to profit
optimizing its technological infrastructure, including its payment
time spent on, research and development. The Group is also
these changes, which requires significant investment in, and
remain competitive, the Group must anticipate and respond to
be successful. If the Group invests significantly in research and
to address will develop as expected or whether such efforts will
trends, products or services such enhancements are designed
significant investment, and no assurance can be given that the
infrastructure in response to evolving market trends require
the Group undertakes to enhance its technological
condition and results of operations. Moreover, the projects that
have a material adverse effect on the Group’s business, financial
desirable to its clients or even obsolete, which, in turn, could
address market demand could render the Group’s services less