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12

Trend information

Medium termobjectives

116

Worldline

2016 Registration Document

inMobility & e-Transactional Services

Devote a particularly strong focus to take advantage of robust market trends

Group over the 2017-2019 period.

Business Line is expected to grow within the average of the

as by a healthy pipeline of commercial opportunities, the Global

objects. Supported by a strong and diversified client base as well

trends for secured digital solutions for IoT and connected

Services is in a position to benefit from the fast growing market

platforms, the Group considers that Mobility & e-Transactional

its track record in the design and operation of next-generation

Leveraging on its strong technological assets, its know-how, and

gradual volume growth on maturing platforms.

mid-teens levels, improving over the 2017-2019 period, thanks to

Mobility & e-Transactional Services’ OMDA is expected at

European payment industry consolidation

take advantage of the structural changes in the European

financial profile, the Group maintains a considerable focus to

Benefitting from its European intimacy and its particularly solid

policy.

priority given over the period 2017-2019 to its ambitious M&A

Paysquare and KB Smartpay. It confirms therefore the strategic

and in Merchant Services with the recent acquisitions of Equens,

payment industry, as it has already done in Financial Processing

Other strategic plans

Market Trends

: the strategy of the Group relies

evolutions, and notably:

fundamentally on the European payment market structural

Transaction Volume Growth,

Regulatory changes,

Technology changes,

Emergence of new electronic payment methods,

Emergence of new digital businesses;

As described in Section 6.4, “Strategy”;

to offset, in particular, the negative effect of competitive

improving the Group’s OMDA margin over the period, and

SmartPay, is expected to contribute substantially to

been now extended to equensWorldline, Paysquare and KB

industries in which it operates. This program, which has

reach to capitalize on the strong growth in the markets and

generally leverage the Group’s resources, size, and global

salaries over the period;

pressure on prices as well as the expected increase in

Group aims, among other things, to achieve significant

evolution of the TEAM project initiated in early 2014, the

TEAM2 Project.

Through its four-year TEAM2 program,

profitability, industrialize development methods, and

network, improve sales effectiveness and contract

rationalization, enhance resource allocation across its

operating efficiencies from platform and infrastructure

mergers that will bring additional benefits until 2021;

will deliver its results as soon as 2018 and included platforms

and notably its Payment 2.0 initiative. This integration plan

and on the best assets from the Equens investment plans,

technological investment made through the WIPE program

of Worldline and Equens. This integration is based on the

coordination with the integration of the industrial structures

Technical platforms evolution:

TEAM is managed in

implementation of the Group’s external growth policy;

Dividend Policy.

The Group aims to distribute dividends

income,

to the extent that it is compatible with the

representing approximately 25% of its consolidated net

debt to EBITDA) of between 1.5 and 2.5 in the medium term.

the Group’s objective is to maintain a leverage ratio (net

Financial leverage.

Excluding transformative acquisitions,