Ingenico Latin America Inc

12% organic growth in revenue

Performance in the first half

In the first half of 2016, revenue totaled €1.133 billion, representing a 7% increase on a reported basis, including a negative foreign exchange impact of €50 million. Total revenue included €788 million generated by the Payment Terminals business and €345 million generated by Payment Services.

On a comparable basis1 revenue growth was 12% higher than in the first half of 2015, a result that included a 15% increase in Terminals and a 5% increase in Payment Services.

A key feature of the first half of 2016 was a very high volume of business in Europe, demonstrating the Group’s ability to leverage regulatory change in mature markets. In Asia-Pacific, the Group further increased its share of the market, with vigorous growth in Turkey, Australia and China. In contrast, Brazil’s unfavorable economy heavily affected business volume in Latin America. In North America, revenue growth was driven by the Group’s increasing market share at large-scale retail chains. Investment in the Group’s ePayments division over the last few months has started to pay off, as reflected in the strong sales momentum of the first half.

Performance in the second quarter

In the second quarter of 2016, revenue totaled €581 million, representing a 4% increase on a reported basis, including a negative foreign exchange impact of €30 million. Total revenue included €400 million generated by the Payment Terminals business and €181 million generated by Payment Services.

On a comparable basis1 revenue growth was 9% higher than in the second quarter of 2015, a result that included a 10% increase in Terminals and an 8% increase in Payment Services.

Excluding Brazil, the Group recorded organic growth of 14% in the quarter.

Ingenico Group’s solid performance in Payment Terminals reflected expanding market share in Asia, Russia and the United States, as well as the operational excellence that has enabled the Group to take full advantage of equipment replacement cycles in mature markets.

The Group also continued to gain market share in in-store Payment Services. Furthermore, the ePayments division’s return to growth makes it possible to reaffirm double-digit growth objective for the second half of 2016.