Flexible Electronics News

Ingenico Group Announces 1Q 2018 Results

Revenues of €581 million is negatively impacted by a €40 million forex impact.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ingenico Group, a global leader in seamless payment, announced its revenue for the first quarter of 2018.   In the first quarter of 2018, revenue totaled €581 million, representing a 2% decline on a reported basis, including a negative foreign exchange impact of €40 million. On a comparable basis, revenue was 5% lower than in the first quarter of 2017. Adjusted from the impact of the Indian demonetization process and the European PCI V1 to V3 migration, revenue would have grown 3% on a compara...

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