WORLDLINE Forum: Community User: Moneytalkss

Worldline WLN.PA slump almost 18% to the bottom of France's SBF 120 index .SFB120, after the French payment group cut its guidance for the third time this year, while announcing CEO departure ** J.P.Morgan says the guidance cut is "clearly negative" with adjusted EBITDA and FCF respectively about 4.3% and 13% below previous guidance ** Worldline shares, which lost about 46.2% YTD up to Thursday's close of trading, touch their lowest price ever ** New management will need to reassure investors on the group's growth prospects by sharing detailed information on the ongoing restructuration, JPM adds ** "The stock reflects the uncertainty around execution and the time for the CEO search," Jefferies' Hannes Leitner says, adding the CEO departure comes as many investors are calling for management change to "ignite organic growth"