Philippe Lazare, Ingenico's CEO, commented: "Revenue generated in the first quarter is, as expected, low compared to the first quarter of 2008; beyond the high basis of comparison and a negative currency effect, quarterly performance was impacted by difficult market environment in specific regions and pending availability of the new generation of CounterTop terminals. Current sales and marketing effort nevertheless preserve our objective, for the full financial year, of a stable or slightly higher pro‐forma revenue, as well as a maintained level of operating margin."

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