Source: Ingenico
The Ingenico Group recorded (unaudited) consolidated revenue of €186 million for the second quarter of 2008, an increase of 32% at current exchange rate and 35% at constant exchange rate. In pro-forma terms, growth during the quarter was 2.6%.
Philippe Lazare, Ingenico's CEO, commented: "Our customers' enthusiasm for Ingenico and Sagem's combined offering confirms the logic of the merger finalized in March. The impact of the crisis on mature markets has been limited and we are now in an even stronger position in emerging markets. We also confirm that the operational integration of Sagem Monetel is proceeding at a rapid pace and is ahead of schedule."
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