Revenue: €498 million, up 17% on a comparable basis1Double digit growth in both Terminals and Payment ServicesFirst steps towards the integration of payment acceptance into connected devicesSpecified guidance for 2015: organic1 growth greater than or equal to 10%, EBITDA2 margin of about 21% PARIS, April 29, 2015 (MILITARY-TECHNOLOGIES.NET) -- Ingenico Group (Euronext: FR0000125346 - ING) announced today its first-quarter 2015 revenue.* Including GlobalCollect acquisition as of January 1st, 2014 ** Based on 2014 revenue including GlobalCollect contribution in Q4'14Philippe Lazare, Chairman and CEO of Ingenico Group, commented: "Ingenico Group continues to deliver outstanding performance, recording double digit growth in both business segments in this first quarter. Our multi-local positioning gives our Payment Terminals business a major competitive edge and, as expected, the United States and China are the main growth drivers in this segment.
The Payment Services segment, and more specifically our e-Payments business, have shown strong growth momentum in Europe and globally, leveraging the strong complementarity of our assets and the integration of GlobalCollect.
We are also very proud of our first steps towards the integration of payment acceptance into connected devices, highlighted by the announcement of our partnership with Intel and the success of the pilot solution we specifically designed to collect donations through advertising screens in France.
In view of the Group's performance and the favorable business environment, we are confirming our objective to generate growth greater than or equal to 10% in 2015."Q1 HighlightsTelium Tetra, at the cutting edge of secured paymentsLane, the Telium Tetra terminal mainly designed for the retail industry, recently received the PCI PTS 4.0 certification, meeting the highest security standards and confirming Ingenico Group's leadership to its clients and partners. This certification is a major step in the deployment of Telium Tetra's new range of products.Innovation at the core of the Group's transformationIn the first quarter of 2015, Ingenico Group secured some promising breakthroughs, leveraging changes in usage patterns, increasing customer interaction points, and offering the most advanced technology in the industry. The Group announced a partnership with Intel, world leader in computing innovation, to integrate payment acceptance into tablets and enter the emerging market of connected devices. Alongside this initiative, Ingenico Labs developed a contactless pilot solution for the Curie Institute's annual anti-cancer campaign, integrating payment acceptance into advertising screens.A new communication toolset to promote a new positioningFollowing its rebranding last year, Ingenico Group intensified its communication activities, namely in the digital space. The Group unveiled its new website, released its new corporate video and increased its social media reach, doubling the number of its LinkedIn followers within a year. In March, the Group received the French e-Transformation ACSEL Award for its successful digital transformation.Q1'15 revenueTo reflect the evolution of its business scope, Ingenico Group is now organized around 4 geographic regions and one business entity: Europe & Africa (ex-SEPA and EMEA, without Middle-East), Asia-Pacific and Middle-East, Latin America, North America and e-Payments. To facilitate assessment of the Group's performance, consolidated revenue for first quarter of 2015 is compared with pro forma revenue with effect from January 1st, 2014 to reflect GlobalCollect contribution carried out in 2014.* Reflecting the new regional breakdown and GlobalCollect acquisition as of January 1st, 2014 ** Reflecting the new regional breakdownIn the first quarter of 2015, revenue totaled €498 million, representing a 53 percent increase on a reported basis, and included a positive foreign exchange impact of €32 million and a €96 million contribution from GlobalCollect. Total revenue included €337 million generated by the Payment Terminals business and €161 million generated by Payment Services.On a comparable basis[1], revenue was 17 percent above the Q1 2014 figure driven by a double digit growth in both segments. The Group's outperformance in Payment Terminals (+16%) was fueled by its multi-local footprint in strong growth markets, specifically in the United States and China. Payment Services business grew a solid 17 percent, thanks to good overall results, and particularly online payment solutions (+18%), mainly resulting from higher transaction volumes.
Performance for the first quarter, by geography and on a like-for-like basis[1] compared with Q1'14, was as follows:- Europe-Africa (up 1%): The slowdown in growth in the region is the result of a high basis for comparison in the Payment Terminals business and of the economic situation in Russia. During the first quarter of 2014, the Group had benefited from the accelerated delivery of orders, namely in Italy, in the United Kingdom and in Spain . The Group continued to deliver double digit growth in in-store payment services, notably in Germany, while deploying its centralized payment management solution among retailers in Europe (Axis).- Latin America (up 17%): The Group achieved stronger-than-expected growth in Latin America as business in Brazil outperformed as a result of the deliveries of large orders for portable terminals to Brazil's largest acquirers. The Group increased its sales activity in the region and reported strong performance in Central America and Columbia.- Asia Pacific and Middle-East (up 33%): Ingenico Group showed strong growth in the region, and above all in China where the Group has demonstrated its leadership quarter after quarter. The Group continued to expand sales across Southeast Asia, particularly in Indonesia where the Group delivered large orders and is now the only provider to serve the four largest banks in the country.- North America (up 63%): The ongoing remarkable growth in North America was mostly fueled by the Group's activities in the United States (+131%) where the Group enjoys strong market dynamics and an increasing sales footprint in all business segments. Following the lead of large retailers, small merchants have confirmed their interest in combining EMV and NFC solutions, while semi integrated retailers have been accelerating the replacement of their non-EMV compliant payment infrastructures. EMV migration also triggers the deployment of point-to-point encryption solutions, a deployment which the Group is well-positioned to cover with its On Guard offering, as shown by the contract the Group signed with Stage Stores to equip its 900 outlets.- e-Payments (up 18%): As expected, the Group showed double digit growth in its online payment activities. Ogone and GlobalCollect benefitted from the growth in online home shopping in Europe and cross-border purchases worldwide. Moreover, GlobalCollect's performance (+19%) was driven by the mechanical impact of higher exchange revenues, in a context of high volatility of some emerging market currencies.Outlook
Source: Globenewswire Public
INGENICO GROUP: Q1 2015: Another quarter of strong growth