INGENICO: Revenue for the second quarter of 2008

NEUILLY SUR SEINE, FRANCE, Jul 23 (MARKET WIRE) --
Revenue

Q2 2008: EUR 186 m. (+35%)[*]

H1 2008: EUR 314 m. (+24%)*

Pro-forma H1 2008 revenue: EUR 366 m. (+10%)**

PRESS RELEASE

Neuilly sur Seine, July 23, 2008

The Ingenico Group recorded (unaudited) consolidated revenue of EUR 186
million for the second quarter of 2008, an increase of 32% at current
exchange rate and 35% at constant exchange rate. In pro-forma terms,
growth during the quarter was 2.6%.

Philippe Lazare, Ingenico's CEO, commented: "Our customers' enthusiasm
for Ingenico and Sagem's combined offering confirms the logic of the
merger finalized in March. The impact of the crisis on mature markets has
been limited and we are now in an even stronger position in emerging
markets. We also confirm that the operational integration of Sagem
Monetel is proceeding at a rapid pace and is ahead of schedule."

A.
COMPARISON

+-------------------------+------+------+--------+--------------------+
|(EUR m) | 2007| 2008| Change|Change at constant |
| | | | |exchange rates |
+-------------------------+------+------+--------+--------------------+
|Consolidated Q2 revenue | 141| 186| +32%| +35%|
+-------------------------+------+------+--------+--------------------+
|Consolidated Q1 revenue | 119| 128| +8%| +11%|
+-------------------------+------+------+--------+--------------------+
|Total H1 | 260| 314| +21%| +24%|
+-------------------------+------+------+--------+--------------------+

+-------------------------+--------------------+
|(EUR m) | Pro-forma** change|
| | |
+-------------------------+--------------------+
|Consolidated Q2 revenue | +3%|
+-------------------------+--------------------+
|Consolidated Q1 revenue | +18%|
+-------------------------+--------------------+
|Total H1 | +10%|
+-------------------------+--------------------+

** pro-forma, including Sagem's businesses in 2007 and 2008

Revenue grew strongly in H1 2008, at 10% on a pro-forma basis and at
constant exchange rates.

The seasonality of this strong revenue growth was different to that of
the previous year for both Ingenico and Sagem Monetel, with an excellent
performance in Q1 having a slightly negative impact on the level of
activity of Q2. In addition, Q2 was affected by a sales overlap, which
was expected following the merger of Ingenico and Sagem Monetel. They
amounted to about EUR 5m. in Q2, in line with the Group's estimates.

B. GROUP
SALES

+---------------------+------------------+-----------------+--------------------

| (EUR m) | Q2 2007 sales[2]| Q2 2008 sales 1|Change at
constant |
| | | |exchange rates
|
+---------------------+------------------+-----------------+--------------------

| | | |
|
+---------------------+------------------+-----------------+--------------------

| Asia / Asia Pacific| 13.4| 11.1|
-15%|
+---------------------+------------------+-----------------+--------------------

| Northern Europe | 25.2| 32.1|
+38%|
+---------------------+------------------+-----------------+--------------------

| Southern Europe | 40.0| 51.3|
+28%|
+---------------------+------------------+-----------------+--------------------

| EEMEA* | 15.5| 35.8|
+130%|
+---------------------+------------------+-----------------+--------------------

| North America | 21.7| 24.0|
+22%|
+---------------------+------------------+-----------------+--------------------

| South America | 25.4| 31.5|
+24%|
+---------------------+------------------+-----------------+--------------------

| TOTAL | 141.2| 185.8|
+35%|
+---------------------+------------------+-----------------+--------------------

+---------------------+-------------+
| (EUR m) | Pro-forma**|
| | |
+---------------------+-------------+
| | change|
+---------------------+-------------+
| Asia / Asia Pacific| -31%|
+---------------------+-------------+
| Northern Europe | 0%|
+---------------------+-------------+
| Southern Europe | -10%|
+---------------------+-------------+
| EEMEA* | +63%|
+---------------------+-------------+
| North America | +8%|
+---------------------+-------------+
| South America | -1%|
+---------------------+-------------+
| TOTAL | +3%|
+---------------------+-------------+

** pro-forma, including Sagem's businesses in 2007 and 2008

Asia / Asia Pacific: Sales in China were brisk, and will grow even faster
in the second half after the acquisition of a 55% stake in Fujian Landi.
The Australian market, behind the fall in activity, was expected to be
weaker after the major effort of migration to EMV in 2007

Northern Europe: The Group's market share has increased following the
merger with Sagem and sales have remained stable at a high level in a
relatively mature market, proof of the Group's strength in the region.

Southern Europe: The merger of Ingenico and Sagem Monetel has made the
Group the undisputed market leader in the region. Quite naturally, and in
accordance with the Group's expectations, there has been a sales overlap.
In addition, Q2 2007 in both France and Spain was the best quarter of the
year, making the basis for comparison very unfavorable and leading to
slower sales growth. The Italian market however recorded a pro-forma
growth of 24%.

EEMEA: The region posted remarkable growth rates, particularly in Turkey,
India, the Middle East, Africa and Eastern Europe. Business should
continue to be brisk during the second half.

North America: Sales growth to the banking industry in the United States
(higher than 50% in H1) and the buoyant market in Canada made up for
slower growth in the United States retail market, which was affected by a
tough economic situation.

South America: The region sales were stable, although enthusiasm for the
combined Ingenico and Sagem product line-up was strong and should fuel a
robust growth in the second half.

C. PROGRESS ON THE OPERATIONAL MERGER WITH SAGEM MONETEL

Since the closing of the merger with Sagem Monetel on March 14, 2008, all
efforts have been focused on operational integration. This is proceeding
very smoothly and is even ahead of schedule in some areas.

All of the Group's business units are now focused on implementing the
synergies which were the prime driver of the merger. These will become
apparent in the second half of the year, particularly in purchasing and
on account of the optimization of R&D expenditure, which will be
concentrated mainly in two facilities.

D. GROUP OUTLOOK

With an unrivalled product offering and a unique global footprint, Group
revenue growth should continue in the second half, driven by favorable
business trends in areas of high growth potential like Asia, the EEMEA
region or South America combined with traditional seasonality

The Group confirms that it expects further significant improvement in its
profitability in 2008.

The company will release its consolidated H1 financial statements on
August 27.

-End -

+-------------------------+
|About Ingenico |
+-------------------------+
|Throughout the world, |
|banks and retailers rely |
|on Ingenico for secure |
|and expedient electronic |
|transaction acceptance. |
|Ingenico solutions |
|leverage proven |
|technology, established |
|standards and |
|unparalleled ergonomics |
|to provide optimal |
|reliability, versatility |
|and usability. This |
|comprehensive range of |
|products is complemented |
|by a global array of |
|services and |
|partnerships, enabling |
|businesses in a number of|
|vertical sectors to |
|accept transactions |
|anywhere their business |
|takes them. |
+-------------------------+
|For more information |
|about Ingenico, please |
|visit: www.ingenico.com. |
+-------------------------+
+-------------------------+

Contacts :

SOLANGE STRICKER|FININCOM

Jerome Goaer / Valerie Sabineu

j.goaer@f2scom.com / v.sabineu@f2scom.com

01 40 71 32 95 / 71

BRUNSWICK

Aurelia de Lapeyrouse

adelapeyrouse@brunswickgroup.com

+33 (0)1.53.96.83.72

INGENICO

Max-Paul Sebag

Max-paul.sebag@ingenico.com

+33 (0)1.41.44.68.56

Appendix

+---------------------+-----------------+-----------------+-------
-------------+
| (EUR m) | H1 2007 sales *| H1 2008 sales *|Change** at
constant|
| | | |exchange rates |
+---------------------+-----------------+-----------------+--------------------+
| | | | |
+---------------------+-----------------+-----------------+--------------------+
| Asia / Asia Pacific| 19.7| 22.9| 19%|
+---------------------+-----------------+-----------------+--------------------+
| Northern Europe | 45.5| 49.9| 20%|
+---------------------+-----------------+-----------------+--------------------+
| Southern Europe | 70.8| 80.5| 14%|
+---------------------+-----------------+-----------------+--------------------+
| EEMEA* | 26.4| 61.0| 130%|
+---------------------+-----------------+-----------------+--------------------+
| North America | 45.4| 48.6| 18%|
+---------------------+-----------------+-----------------+--------------------+
| South America | 52.3| 50.8| -3%|
+---------------------+-----------------+-----------------+--------------------+
| TOTAL | 260.1| 313.8| 24%|
+---------------------+-----------------+-----------------+--------------------+

+---------------------+-------------+
| (EUR m) | Pro-forma**|
| | |
+---------------------+-------------+
| | change|
+---------------------+-------------+
| Asia / Asia Pacific| 6%|
+---------------------+-------------+
| Northern Europe | 6%|
+---------------------+-------------+
| Southern Europe | -5%|
+---------------------+-------------+
| EEMEA* | 83%|
+---------------------+-------------+
| North America | 11%|
+---------------------+-------------+
| South America | -9%|
+---------------------+-------------+
| TOTAL | 10%|
+---------------------+-------------+

** pro-forma, including Sagem's businesses in 2007 and 2008

[*] at constant exchange rates, including Sagem Terminaux in Q2 2008

** at constant exchange rates including Sagem Terminaux in H1 2007 and
2008

[2] Sales are reported on the basis of the invoicing company, with the
exception of the EEMEA zone (Eastern Europe, Middle East, Africa) for
which the figures have been restated as most invoicing is done in France.
Sagem Monetel's export sales have also been restated on the basis of
their destination.

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