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Ingenico: raises targets for FY 2019

(CercleFinance.com) - Ingenico's H1 2019 sales came in at 1,611 million euros, up 13% like-for-like.
On a reported basis, sales grew by 31%.

EBITDA reached 254 million euros, while operating income amounted to 124 million euros compared to 107 million euros in the first half of 2018 (94 million euros as reported).

The group's net attributable profit came in at 80 million euros, up 32% from 61 million euros in the first half of 2018.

Ingenico has raised all of its targets for 2019. It expects organic sales growth of at least 9% (against about 6% initially expected). The B&A is expected to post organic growth of at least 7% (against about 2% previously), while Retail is expected to report double-digit growth.

The group targets EBITDA of over 590 million euros (against more than 580 million euros previously).


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