Ingenico Group (Euronext: FR0000125346 – ING) announced today its financial statements for the six-month period ended June 30, 2016.
Revenue of €1.133 billion
- up 12% on a comparable basis1
- up 7% on a reported basis
Strong growth across most regions
- Excluding Brazil, organic growth of 15% in the first half
ePayments accelerating; double-digit growth expected in the second half
EBITDA2 of €244 million, equal to 21.5% of revenue
Net Profit attributable to Ingenico Group shareholders of €122 million
Objective for 2016 maintained
- Organic growth1 above or equal to 10%
- EBITDA margin2 of c. 21%
Philippe Lazare, the Chairman and Chief Executive Officer of Ingenico Group, commented: Ingenico Group has once again achieved solid growth in the first half of this year. Our multi-local strategy has continued to prove its effectiveness, with our excellent results in mature markets and Asia offsetting the slowdown in Brazil. At the same time, our ePayments division has extended its business reach substantially, finalizing a new major agreement with Alipay. And although we have maintained our investment drive to keep bringing out new products and developing our online transaction platforms, Ingenico Group still has a 21.5% EBITDA margin. The Group has also carried out three acquisitions: a start-up provider of connected screens, Think&Go, and two terminal distributors, Lyudia in Japan and Nera in Southeast Asia.
All these examples of operational progress highlight the speed with which we are implementing our 2020 growth plan.”
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