10.24.18
Ingenico Group announced its revenue for the third quarter of 2018. The Q3 revenue performance highlights the acceleration expected in the second half-year with revenues of €687 million, up 8% on an organic basis and 15% on a reported basis
The company reported growth acceleration of Retail at 12%, and 4% growth for Banks & Acquirers. The company adjusted its 2018 EBITDA full-year guidance to €510 million. The board also decided to appoint a committee of independent directors to review, in coordination with the management, the strategic options for the company and the evolution of its governance.
“This quarterly performance illustrates the year-end revenue acceleration we were expecting for 2018,” Philippe Lazare, chairman and CEO of Ingenico Group, said. “The Retail performance reaches, for the first time, the double-digit growth thanks to an outstanding SMB dynamic and the continuing improvement of the Global Online’s performance as well as the North American activities within Enterprise. The adjustment of our 2018 objectives is exclusively related to the disappointing performance of Banks & Acquirers despite its return to growth. 2018 illustrates the transfer of its center of gravity towards the Retail activities, leading to a profile with more recurring revenues. As indicated during our last communication, Ingenico is reviewing its strategic options for the group as well as for its two divisions in order to improve the group’s value creation profile.”
The company reported growth acceleration of Retail at 12%, and 4% growth for Banks & Acquirers. The company adjusted its 2018 EBITDA full-year guidance to €510 million. The board also decided to appoint a committee of independent directors to review, in coordination with the management, the strategic options for the company and the evolution of its governance.
“This quarterly performance illustrates the year-end revenue acceleration we were expecting for 2018,” Philippe Lazare, chairman and CEO of Ingenico Group, said. “The Retail performance reaches, for the first time, the double-digit growth thanks to an outstanding SMB dynamic and the continuing improvement of the Global Online’s performance as well as the North American activities within Enterprise. The adjustment of our 2018 objectives is exclusively related to the disappointing performance of Banks & Acquirers despite its return to growth. 2018 illustrates the transfer of its center of gravity towards the Retail activities, leading to a profile with more recurring revenues. As indicated during our last communication, Ingenico is reviewing its strategic options for the group as well as for its two divisions in order to improve the group’s value creation profile.”
