Performance in the third quarter
In the third quarter of 2013, revenue totaled €348 million, representing a 12 percent increase on a reported basis, including a €14 million contribution from Ogone and a negative foreign exchange impact of €21 million. Total revenue included €272 million from the Payment Devices activity and €76 million from the Transaction Services.
On a like-for-like basis, revenue was 14 percent higher than in Q3 2012, fueled by double digit growth both in Payment Devices (up 14 percent) and Transaction Services (up 12 percent). On a pro forma basis and without TransferTo2, revenue growth has accelerated to 15 percent.
In the third quarter, Ingenico posted strong organic growth across all regions reflecting the geographically tailored product and services offer.
Performance in the first nine months
In the first nine months of 2013, revenue totaled €1,004 million, representing a 18 percent increase on a reported basis, including a €40 million contribution from Ogone and a negative foreign exchange impact of €34 million. Total revenue included €782 million generated by the Payment Devices business and €222 million generated by Transaction Services. More generally, the share of total revenue generated by Services amounted to 33 percent, including Ogone’s contribution.
On a comparable basis, revenue was up 17 percent, driven by double digit growth in all business segments. Growth in Payment Devices remains particularly dynamic (up 18 percent) thanks to the Group’s multi-local presence and the steady growth in Transaction Services (up 11 percent). On a pro forma basis and excluding TransferTo2, revenue increased by 12 percent, driven by Ogone’s integration process.
Since the start of the year, every region has contributed to the Group’s strong overall performance. Ingenico has strengthened its position in its legacy Europe-SEPA markets through solid position in Payment devices and the successful implementation of its strategy to increase its services offering.
As anticipated, the Group has accelerated its growth in North America, particularly in the U.S. (up 49 percent) fueled by the successful deployment of solutions focused on large retailers, and increased traction with the ISOs.
The Group has also generated double digit growth in emerging markets (Latin America, Asia-Pacific and the EMEA region) as a consequence of new equipment supply and technology upgrade in these geographies.
The Group’s Central Operations activity has generated a 9-percent increase in revenue notably driven by the growth of Transfer To’s business.
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