Ingenico: reports growth in 2019 EBITDA

(CercleFinance.com) - Ingenico Group has published EBITDA (restated for a positive IFRS 16 impact) of 573 million euros for the past financial year, compared to 527 million in 2018 on a comparable basis (up 8.
7%), with a free cash flow of 310 million euros.

Sales amounted to 3.370 million euros, up 10% on a comparable basis. Excluding the impact of the drop in interchange fees, sales reached 2,895 million, up 11% in organic terms.

For 2020, Ingenico is looking for organic sales growth of between 4% and 6%, EBITDA of over 650 million euros, with over 50% of its EBITDA converted into free cash flow, meaning free cash flow of around 330 million euros.


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