Ingenico Q3 revenue up

Source: Ingenico

The INGENICO Group has booked (unaudited) consolidated revenue of EUR120 million in the third quarter of 2006.

At current exchange rates, this result stands 15.4 percent higher than the revenue figure for the third quarter of 2005 (€104 million).

The quarterly growth rate would be 19 percent on a like-for-like basis, and 15.1 percent on a like-for-like basis and at constant exchange rates.

This high level of business activity was driven in particular by strong sales in North America, as well as in Southern Europe, the Middle East and Africa, and was achieved in spite of the slight slowdown anticipated on the basis of seasonal patterns in Group sales.

On a cumulative basis since the beginning of the year, the INGENICO Group has maintained its outstanding performance, with revenue totaling €375.2 million, up 20.5 percent over the comparable period in 2005 (€311.4 million), or 21.9 percent on a like-for-like basis and at constant exchange rates.

"Our third-quarter revenue figure illustrates the power of INGENICO's global footprint, since the Group is now in a position to benefit from growth opportunities on all continents. This means that the annual growth target we announced - 15 percent on a like-for-like basis - should be met. Our profit margins should also show sequential improvement in the second half of 2006,"commented INGENICO CEO Amedeo d'Angelo.

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