Finance

A radically transformed group over last five years

In 2008, Ingenico took the lead in the payment terminal market after merging with Sagem Monetel in March and taking a majority stake in Landi, China’s second largest terminal provider, in June. These acquisitions doubled the Group in size, reinforced its international presence and also heightened its technological edge in R&D.
The group has also moved to a fab-less model and financially recovered with an adjusted operating margin increased to 11.4% in 2009 vs. 0% in 2003.

Accelerating its strategic shift towards more visibility and recurring revenue

To spur new growth, the Group began laying the groundwork in 2008 to leverage its core business to move into the electronic payment chain and capture the momentum of the payment transaction market. The Group has deployed its own offer of comprehensive cross-border and global payment services. Major international deals carried off by the Group in 2009 with customers like Ryanair and McDonald’s, demonstrating the pertinence of the strategy.

In November 2009, Ingenico acquired easycash, a leading German payment services provider. This acquisition is a major step in Ingenico’s development strategy to accelerate the shift to a business model focused on generating a larger share of recurring revenue in the fast-growing electronic payment transaction market.