The operating product wrapped 4% to 823 million francs, detailed six on Monday.
The Operator of the Swiss Stock Exchange Six had to mop up a new setback on his participation in French Worldline over the first six months of the year, which made his profit heavily drop.
The operating product wrapped 4% to 823 million francs, detailed six on Monday. At constant exchange rate, the increase was 4.7%. The gross operating result (EBITDA) stabilized at 234 million, excluding costs of the transformation program valued at 31 million francs. The latter corresponds in particular to unique expenditure of IT personnel and infrastructure.
The Zurich group has undergone a new value fixed on its 10.5% participation in the hexagonal specialist in means of payments and Worldline transactions, up to 69.3 million francs. Its net profit was saved by 64% to 42.2 million. Excluding adjustments to participations, six is calculated a net profit of 111.5 million (-4%).
French Worldline, burden of the accounts of six
The operator of the Swiss Stock Exchange Six, the largest shareholder in Worldline, had to once again registered a value fix on its 10.5% participation in the hexagonal specialist in means of payments and transactions, according to its half -yearly figures.
From January to the end of June, six underwent a depreciation of its 10.5% participation in the hexagonal specialist in means of payments and Worldline transactions, up to 69.3 million francs. Its net profit was saved by 64% to 42.2 million, according to the press release published on Monday.
At the end of June, the course of the action of the side group in Paris had unscrewed by almost 40% following the publication of a European journalistic survey entitled Dirty Payments, relating to activities with so-called high risk customers linked to gaming games, pornography or even prostitution, explained the French daily Le Monde, for whom it awakens the spectrum of German Wirecard, ex-champion of payments and scandal in 2020.
“The case also confirms the governance wanderings of a funded growth company,” according to the newspaper. A company whose value collapsed by 93% in two years, he recalls.
The case also shakes the other entities that bought shares in Worldline, like Crédit Agricole.
According to sources close to the file mentioned by ‘Bloomberg’, employee representatives sent an email to the Crédit Agricole management to understand the company’s decision to take a 7% stake in Worldline at the start of last year, the Boursier.com site reported at the end of June. At the time of its equity, the market value of the latter was around 260 million euros, compared to around 58 million at the end of June.
For its part, the public investment bank, Bpifrance, holds 5%.
In the last quarter of 2024, the Zurich group has mourned a value fix on participation in Wordline, acquired as part of the sale to the latter of six Payment Services 2018, up to 167.7 million francs. In 2023, the operator suffered a loss of 1 billion following the depreciation of his investments in Worldline and in the Spanish Stock Exchange.
