;
Home / Knowledge / News / Information Technology / Revenues up 12% at Ingenico in Q3
Revenues up 12% at Ingenico in Q3
31
Oct '13
Ingenico announced its revenue figures for the third quarter of 2013.

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.

Click here to read full results 

Ingenico


Must ReadView All

NCTO endorses USMCA; to lobby Congress to adopt agreement

Textiles | On 13th Dec 2018

NCTO endorses USMCA; to lobby Congress to adopt agreement

The National Council of Textile Organisations (NCTO) board of...

12 Asian garment firms to operate in Haiti by mid-2019

Apparel/Garments | On 13th Dec 2018

12 Asian garment firms to operate in Haiti by mid-2019

At least a dozen Asian garment manufacturing companies will start...

Pakistan evolving export-oriented policies: top official

Textiles | On 13th Dec 2018

Pakistan evolving export-oriented policies: top official

Pakistan is evolving export-oriented policies and is committed to...

Interviews View All

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search