Ingenico still on course to reach FY17 guidance
Ingenico, the world’s No. 1 provider of payment terminals, released satisfactory 3Q17 sales figures, in line with our expectations. Sales were up 5% yoy to €597m, including 6% organic and -1% from FX headwinds. Overall, the regions have performed as expected. Europe (39% of sales, +4%) was fueled by terminal upgrades in the East, while the West continued to be resilient. Epayments (24%, +10%), the online payment services division, capitalized on several new customer wins, despite tough comparison basis. Ingenico has recently expanded its presence there with the acquisition of Bambora for €1.5bn last July. APAC (20%, +8%) kept its solid momentum thanks to China.
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