Ingenico reports Q1 revenue rise
The Ingenico Group recorded (unaudited) consolidated revenue of €128 million in the first quarter of 2008, an increase of 7.7% at current exchange rate and 11.2% at constant exchange rate, compared to revenue of €118.9 million in the first quarter of 2007.
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Sagem Monétique, which will be integrated as of the second quarter of 2008, also posted very encouraging revenue growth.
Philippe Lazare, Ingenico's CEO, declared: "The group posted solid revenues this first quarter, significantly improved compared to last year. Sagem Monetique also delivered strong performance during the quarter. The two companies have been working together for a few weeks and have launched the integration process, which is going ahead very smoothly. We are confident that the new company will rapidly benefit from our combined strengths".
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