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...

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 www.ingenico.com | twitter.com/Ingenico. |

 

 

INGENICO - Investors Contact Catherine Blanchet VP Investor Relation & Corp. Communication [email protected] tel: +33 1.58.01.85.68

INGENICO - Media Contact Rémi Calvet VP Communication [email protected] tel: +33 1.58.01.80.80

 

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