Ingenico posts preliminary year end results

Source: Ingenico

Ingenico Group booked consolidated (unaudited) revenues of €437.4 million in fiscal year 2005 (up from €427.4 million in 2004), which reflects an annual growth rate of 3.8 percent (on a like-for-like basis).

Whilst revenues were fairly stationary in the first half of 2005 (€207.4 million), due essentially to delivery problems, they rose to €230 million (unaudited figures) in the second half (vs. €222 million in the second half of 2004).

On a like-for-like basis, excluding component sales which are accounted for under Cost of Sales, revenues in the second half stood 7 percent higher than in the second half of 2004 and 12.9 percent higher than in the first half of 2005.

In terms of revenues, that makes H2 2005 the best six-month period in Ingenico’s history.

“I’m quite satisfied with the 7 percent growth we booked on a like-for-like basis in the second half, considering the delivery problems we faced throughout the summer. The trend we’ve observed confirms that although ambitious, the 10-percent annual organic growth target we set ourselves for 2006 can be reached,” commented Ingenico CEO Amedeo d’Angelo.

The Company confirms its operating profit estimate for the second half, i.e. in the vicinity of 3-percent (excluding extraordinary items), which should yield 1.7 percent on a full-year basis.

As previously announced, restructuring charges resulting from the plan of action initiated at the end of the first half will be recorded under Extraordinary Items in the second half of 2005.

Ingenico will be communicating its results for 2005 to the financial community on March 16, 2006 (press release on March 15, 2006, after Paris stock market closing time).

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