INGENICO : INGENICO : Limited financial impact of the one-off event in Germany
Limited financial impact of the one-off event in Germany
Paris, June 17^th, 2013 - As stated on April 22^nd 2013, Ingenico's (Euronext:
FR0000125346 - ING) business in Germany has been affected by the bankruptcy of
a corporate customer due to a service specific to the German market.
Following an exhaustive review, Ingenico announces that this one-off incident
is now closed with a 5 million euros impact on profitability in the first half
of 2013, which is significantly below the maximum amount previously disclosed.
The Group confirms its full year 2013 guidance of a likeforlike growth
greater or equal than 8% and an EBITDA margin exceeding 18.5% on its
historical perimeter (excluding Ogone).
Moreover, Ingenico has carried out an audit of the Group's services portfolio
in Germany and globally in order to reinforce the procedures of global risk
management, notably through an increased number of controls at the launch of
Finally, all the Transactions activities in Europe have been gathered within
the same entity led by Peter de Caluwe, Ogone's CEO, who joined the Group
after its acquisition by Ingenico.
About Ingenico (Euronext: FR0000125346 - ING)
Ingenico is a leading provider of payment solutions, with over 20 million
terminals deployed in more than 125 countries. Its 4,000 employees worldwide
support retailers, banks and service providers to optimize and secure their
electronic payments solutions, develop their offer of services and increase
their point of sales revenue. More information on www.ingenico.com|
INGENICO - Investors Contact INGENICO - Media Contact
Catherine Blanchet Rémi Calvet
VP Investor Relation & Corp. Communication VP Communication
tel: +33 1.58.01.85.68 tel: +33 1.58.01.80.80
H1 2013 Results: July 31, 2013
Q3 2013 Revenue: October 30, 2013
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information contained therein.
Source: INGENICO via Thomson Reuters ONE
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