The Group has no significant exposure to Russian software solutions or subcontractors impacted by the ongoing sanctions, due to its internal development policy
Worldline reveals its exposure to the Ukraine-Russia war. (Credit: Mediamodifier from Pixabay)
Worldline [Euronext: WLN], a global leader in the payments industry, informs about its Group exposure to the situation in Ukraine and Russia according to European Securities and Market Authority (ESMA) relayed by the French regulator Autorité des Marchés Financiers (AMF) recommendations.
Considering the development of the situation in Ukraine and the geopolitical context, the Worldline Group, in compliance with its corporate policies, has been immediately enforcing all the international sanctions applicable to Russia and will pursue doing so as long as necessary.
In line with the recommendations of the European Securities and Market Authority (ESMA) relayed by the French regulator Autorité des Marchés Financiers (AMF), the Group confirms that its business related to Russia is limited, representing only c. 1.5% of its 2021 estimated proforma annual Worldline Group’s revenue on continued operations, mainly from its online acceptance business, operated from outside Russia and allowing domestic consumers to transact online with non-Russian international Merchants.
More broadly, while having no business exposure to Ukraine, other Eastern European neighboring countries to Russia and Ukraine[1],represent only c. 1.5% of the estimated proforma annual Group’s revenues in 2021 on continued operations, of which circa half of it related to transaction processing activities (Financial Services) in the Baltics. These activities are not impacted by the current conflict in Ukraine.
Moreover, the Group has no significant exposure to Russian software solutions or subcontractors impacted by the ongoing sanctions or those who could be, due to its internal development policy of its own solutions.
Source: Company Press Release