💰 What are the key metrics that investors should watch for Stat worldline's future performance?

Given the current challenges and strategic shifts at Worldline, investors should focus on the following key metrics to assess the company's future performance:

1. **Organic Revenue Growth**: Track the trend in Worldline's organic revenue, which is expected to decline in low single-digit percentages for FY 2025. Monitor the performance of key business segments, such as Financial Services, Mobility & E-Transactional Services (before divestment), and SMB.
2. **Adjusted EBITDA Margin**: Keep an eye on the adjusted EBITDA margin, which has decreased from 22.5% in H1 2024 to 18.2% in H1 2025. A recovery or further decline in this metric will indicate the effectiveness of cost-saving measures and operational efficiency initiatives.
3. **Free Cash Flow**: Watch the trend in free cash flow, which remained positive at €40 million in H1 2025 but declined from €82 million in H1 2024. Improved cash flow management will be crucial for sustaining financial discipline and supporting strategic initiatives.
4. **Divestment Progress**: Following the announced divestment of the MeTS division, monitor the progress and impact on financials, including the potential for a gain or loss from the sale.
5. **Strategic Initiatives**: Assess the rollout of value-added products, such as the Android-based POS terminals launched in Belgium. The successful implementation of these initiatives could drive future growth and efficiency gains.
6. **Merchant Portfolio Health**: Although no material terminations are expected, monitor the overall health and risk profile of Worldline's merchant portfolio, especially in light of recent scrutiny and potential fraud allegations.
7. **S&P Ratings Outlook**: Keep an eye on the S&P Global Ratings outlook for any signs of improvement or further deterioration, which could influence investor sentiment and access to capital markets.
8. **Capital Markets Day**: Attend the Capital Markets Day event scheduled for November 6, 2025, to gain insights into Worldline's strategic roadmap and potential updates on its turnaround plans.

By focusing on these metrics, investors can gauge Worldline's ability to navigate the current challenges, improve operational efficiency, and drive future growth in the payment services sector.