(Boursier.com) — At the top of the CAC40, Worldline rises 3% to 13.85 euros. Like its competitors Adyen and Nexi, the payments specialist is benefiting from the clear easing of bond rates. Massacred after a series of warnings, the three major European fintech players saw their combined market capitalization rebound by more than 50% in a short month. The reason, rather reassuring quarterly publications and above all intense speculation with increasingly strong rumors of interest from private equity companies.
But the risks are increasing. Global economic uncertainty is adding to pressure on payment processing companies, which are highly sensitive to consumer spending. Fierce competition for merchants in the United States is weighing on Adyen’s growth, while stricter regulations in Europe add to concerns, underlines ‘Bloomberg’. “It’s not like we turned the page immediately,” said Hannes Leitner, an analyst at Jefferies. Consumer spending trends held up over the past quarter, but retailers’ expectations are “very cautious” for the fourth quarter, the specialist adds.
Despite the nice rebound, the cumulative stock market value of the trio remains 22% lower than at the end of 2022. With a drop of 64% since the start of the year, Worldline is in last place among members of the Stoxx Europe 600 index. , compared to a gain of 7.3% for the European benchmark index.
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