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INGENICO : Limited Financial Impact of the One-Off Event in Germany

INGENICO : Limited Financial Impact of the One-Off Event in Germany

NEUILLY-SUR-SEINE, FRANCE -- (Marketwired) -- 06/17/13 -- 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 like for like 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 new services.

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 | |

Next events

H1 2013 Results: July 31, 2013

Q3 2013 Revenue: October 30, 2013


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: INGENICO via Thomson Reuters ONE [HUG#1710050]

INGENICO - Investors Contact Catherine Blanchet VP Investor Relation & Corp. Communication tel: +33

INGENICO - Media Contact Remi Calvet VP Communication tel: +33

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