Ingenico reports strong revenue growth for Q1

Total revenue for the quarter reached EUR239.8 million

Total revenue for the quarter reached EUR239.8 million, supporting a 17% increase on a reported basis, with strong performances in Europe and Latin America and confirmed recovery of activity in the US (view press release). The Payment Terminals business generated EUR187.8 million whilst Transaction Services brought in EUR52 million. Revenue was up 11.5% on a like for like basis compared with Q1 2011. The company says the start of deployment of easycash in the Netherlands and the strengthening of the Group’s presence in Russia and the CIS were the highlights of the quarter.  

Ingenico CEO and chairman, Philippe Lazare commented that: “The start to this year is very good. The commercial performance confirms the group’s good dynamics supported by all business segments… Performance achieved in the first quarter allows us to confirm our 2012 targets to deliver higher growth than in 2011 while continuing to improve profitability.”

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