Ingenico revenue increases by 32 percent in Q2

Sales in China grew in H1 and will continue to increase faster in the second half of the year after the acquisition of a 55 percent stake in Fujian Landi, a Chinese transaction service provider and POS manufacturer. The Australian market was expected to be weaker after the migration process to EMV in 2007. In Northern Europe, the company’s share has increased following the merger with Sagem and sales have remained stable at a high level in a relatively mature market. The merger with Sagem Monetel on 14 March 2008, a 100 percent subsidiary of Sagem Securite, part of French Safran Group, has made the company the number one player in the Southern Europe. On top of that, Q2 2007 in both France and Spain was the best quarter of the year, making the basis for comparison very unfavourable and leading to slower sales growth. In EEMEA, the company registered strong growth rates, particularly in Turkey, India, the Middle East, Africa and Eastern Europe. Sales to the US banking industry grew higher than 50 percent in H1, while the Canadian market made up for slower growth in the US retail market. The sales in South America were stable in H1 and the company expects a robust growth in H2.