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9
Operation and financial review
Performance by Global Business Line
93
Worldline
2016 Registration Document
OMDA
increase were:
Merchant Services & Terminals’ OMDA
was up by
+340 basis
points
in FY 2016 compared to 2015 and reached
€
99.3
million
or 22.6% of revenue. Key reasons for this
Volume growth and positive price/volume mix effect in
●
Commercial Acquiring for both BCMC and International
brands transactions processed in Belgium;
business in India thanks to the strong terminal base growth
and to value added services (e.g. dynamic currency
conversion
– DCC); and
The very good dynamism of the Commercial Acquiring
●
Margin recovery in the Merchant Network in the UK and
●
productivity gain in Iberia in Private Label Cards.
Financial Services (former “Financial Processing & Software
9.7.2
Licensing”)
Financial Services
(in € million)
FY 2016
FY 2015*
% Growth
Revenue
500.0
476.8
+4.9%
OMDA
130.6
116.8
% OMDA
26.1%
24.5%
+1.6 pt
At constant scope and 2016 exchange rates.
*
was reorganized into four new divisions and changed its name
to “Financial Services”. The key changes related to:
Following the integration of Equens on October
1, 2016, the
Global Business Line Financial Processing & Software Licensing
The reallocation of revenue previously reported as Payment
●
Software Licensing into Issuing Processing or Acquiring
Processing depending on the nature of the software
licenced;
direct debit and credit transfer transactions from Online
Banking to a new business line Acoount & Payments;
The reclassification of revenue from the processing of SEPA
●
The renaming of Online Banking to Digital banking.
●
Revenue
€+23.3 million or
+4.9%
compared to 2015.
In 2016,
Financial Services
revenue was
€
500.0 million
, up
Revenue in Acquiring Processing grew double digit as a
●
result of good volume growth for Authorization processing
in France and increased project activity in Germany;
demonetization of currency bills in November, which
participated in the increase of above +40% in number of
point of sale terminals managed;
Business grew in India as well, boosted by the
●
Growth in Issuing Processing was mainly driven by:
●
Authentication services for mobile/internet payments in
●
France, Belgium and Germany (ACS, 3D secure, Trusted
Authentication, wallets),
Good volume growth in the core issuing activities, notably
●
on credit card services and in Fraud services in Belgium,
Expansion in APAC, and
●
Contract ramp-up in the Nordics;
●
Online Banking grew, mainly thanks to the ramp-up of the
●
NS&I contract in the UK as well as to more mobile banking
projects for French banks;
The business line Account & Payments was quasi stable,
●
compared with last year in Germany.
with volume growth being offset by less project work
Integration activities at equensWorldline
in 2017.
running ahead of schedule, fully securing the ambition to deliver
showed a very satisfactory start, with already a few streams
c.€
40 million of run-rate OMDA synergies in 2018, of which half
during the fourth quarter of 2016 on 18 work streams and
Integration activities at equensWorldline have been focused