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9
Operation and financial review
Performance by geography
95
Worldline
2016 Registration Document
Performance by geography
9.8
Business Lines (“GBLs”). The secondary axis is by geography, for
The primary operating segments of the Group are the Global
which revenue is presented below.
under Benelux revenue).
most of the sales of payment terminals worldwide is reported
The revenue presented in one geography can refer to sales or
services rendered in different countries or regions (for example,
Revenue
(in € million)
FY 2016
FY 2015*
Var
% Var.
France
428.5
427.3
1.2
0.3%
Belgium
358.5
328.3
30.1
9.2%
Germany/CEE
159.0
152.2
6.8
4.5%
UK
124.0
143.8
-19.9
-13.8%
Rest of Europe
123.6
113.9
9.7
8.5%
Emerging markets
115.7
99.7
16.0
16.1%
Worldline
1,309.2
1,265.2
44.0
+3.5%
At constant scope and 2016 exchange rates.
*
France
posted revenue of
€
428.5
million
, slightly positive
between the 3 Global Business Lines:
(
+0.3%
) compared with last year, with contrasted evolutions
volume growth in Acquiring Processing;
Most of the growth came from Financial Services, with solid
●
compensating the effect of the termination of the Radar
Mobility & e-Transactional Services succeeded in more than
●
growth in Connected Living and Contact offers;
contract from the second half of 2016, with a double digit
resumed growth during the second semester.
projects in e-Commerce during the first half of the year but
Merchant Services & Terminals was impacted by less
●
This growth is the result of the following:
Belgium
had revenue of
€
358.5
million
in 2016, up
+9.2%
.
a strong increase of transaction volumes and positive
Merchant Services & Terminals grew double digit, thanks to
●
as strong sales of Payment Terminals, in particular to the
price/volume mix impacts in Commercial Acquiring as well
network of international resellers;
growth in Issuing Processing.
Sales in Financial Services increased driven by volume
●
2016, representing an organic growth of
+4.5%
.
In
Germany and CEE
, revenue amounted to
€
159.0 million
in
Services & Terminals with a strong double digit increase in
Most of the revenue increase was recorded in Merchant
●
Commercial Acquiring and Terminals sales;
Sales of Mobility & e-Transactional Services were also
●
(M2M) connectivity projects;
positively oriented, notably through machine-to-machine
Processing activities.
Last, Financial Services slightly grew driven by Acquiring
●
more than +3% mainly thanks to a solid growth in e-Ticketing,
Excluding the effect of that contract termination, sales rose by
with the roll out of the MTIS solution for several customers.
UK
revenue in 2016 was
€
124.0 million
, down by €-19.9 million
which revenue was recorded in 2016 for c.€
24
million.
or
€-13.8%
, mainly due to the end of the VOSA contract on
Revenue in
Rest of Europe
(Finland, the Netherlands, Italy and
Acquiring Processing activities in Italy and good activity in
Spain) grew by
+8.5%
and reached
€
123.6 million
, driven by
Merchant Services & Terminals in the Netherlands.
Last, in
Emerging markets (€
115.7 million, +16.1%)
:
measures in India, and positive momentum in APAC;
The
Asia
region posted a double digit revenue growth
●
processing activities boosted by the recent demonetization
year-on-year, driven by Commercial Acquiring and
Latin America
grew double digit as well, thanks to growth
●
e-Ticketing activities in Argentina and Chile.
in e-Government Collection contracts in Argentina and