Ingenico Telium driver
Performance in the first nine months
In the first nine months of 2016, revenue totaled €1.703 billion, representing a 6% increase on a reported basis, including a negative foreign exchange impact of €64 million. Total revenue included €1.172 billion generated by the Payment Terminals business and €531 million generated by Payment Services.
On a comparable basis1 revenue growth was 10% higher than in the prior-year period, a result that included a 10% increase in Payment Terminals and a 9% increase in Payment Services.
The strong growth achieved since the start of the year in Europe was driven by Ingenico Group’s multi-local footprint and high-quality customer service. It also reflects the Group’s ability to take advantage of regulatory change in mature markets. In Asia-Pacific, growth was particularly strong in Australia, where the new Telium Tetra range was successfully launched, and in China, where Ingenico Group has continued to enjoy high volume. In contrast, Brazil’s unfavorable macro-economic conditions heavily affected business volumes in Latin America. In North America, as indicated in early September, Ingenico Group was confronted with a sudden decline in demand for its products, due to relaxation of the deadline for EMV migration. Finally, investments in the ePayments division over the last few months has led to strong sales momentum driven in particular by implementation of the contract with Alipay.
Performance in the third quarter
In the third quarter of 2016, revenue totaled €570 million, representing a 4% increase on a reported basis, including a negative foreign exchange impact of €14 million. Total revenue included €384 million generated by the Terminals business and €186 million generated by Payment Services.
On a comparable basis1 revenue growth was 7% higher than in the third quarter of 2015, a result that included a 2% increase in Payment Terminals and an 18% increase in Payment Services.
