(CercleFinance.com) – Down 3%, Worldline shares recorded by far the biggest drop in the CAC 40 index on Monday on the Paris Stock Exchange following the outage which seriously disrupted the activity of its customers during the weekend.
A computer outage affected bank card payment at midday on Saturday at several major brands such as Carrefour, Monoprix, Auchan and Ikea, but also at McDonald’s and the SNCF.
According to analysts, these disruptions – due to difficulties encountered by Worldline within one of its payment platforms – were resolved quickly and the situation returned to normal on Sunday.
The group also indicated that it was not a cyberattack.
‘If the financial impact is a priori minimal, this outage gives bad publicity to Worldline while the stock has suffered a violent derating for 18 to 24 months’, estimate the Invest Securities teams.
Since its historic high of 83 euros, reached in July 2021, the stock has lost more than 72% of its value.
‘A derating which was interrupted last week after rumors of a takeover of Nexi by CVC Partners’, we recall at Invest.
In a sector note published early this morning, Deutsche Bank indicates that it has lowered its price target on the stock, from 55 to 42 euros, due to the deterioration of consumption in Europe and the persistence of costs. high with inflation.
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