Ingenico claims strong Q4

Source: Ingenico

In the fourth quarter of 2010, Ingenico (Euronext : FR0000125346 - NG) generated a notable strong dynamism in its major markets, particularly thanks to the ramp up of its new Telium product range, resulting into a like-for-like growth of approximately 14%(1) in Q4 2010.

This exceptional commercial performance of the quarter should enable Ingenico to exceed all result targets provided on October 27, 2010. Reported(2) revenue for the year 2010 should be greater than 900 million euros (as against an announced target greater than 865 million euros) and adjusted operating margin(3), as a % of revenue, greater than 13.5% (as against a target greater than 12.7%).

Fourth-quarter revenue and full-year results for 2010 will be released on Monday, February 28, 2011, after the closing of the Euronext Paris stock exchange. The figures will be discussed during a conference call held on the same day at 6 p.m., Paris time.

1)Like-for-like growth (at constant foreign exchange rates) based on Q4 2009 pro forma revenue of 222,3 millions euros
2)Revenue including the impact of exchange rates and the contribution of acquired companies in 2010
3)Profit from ordinary activities before Purchase Price Allocation

 

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