INGENICO: Q1'10 revenue

NEUILLY SUR SEINE, FRANCE, Apr 22 (MARKET WIRE) --
- Q1'10 revenue: EUR 173.2 million

- Revenue up 8.8%[1] compared with Q1'09 - in line with guidance

- Sustained growth in North America, Asia-Pacific and Europe (SEPA area)

- 2010 revenue target maintained: 3.5% to 5.5% growth1

Neuilly sur Seine - April 22, 2010. Ingenico (ISIN: FR0000125346 -
Euronext Paris: ING) today released its revenue figures for the first
quarter
of
2010.

+------------------------+-----------------+-----------------+-------+
| (in millions of euros)| Q1'09 published| Q1'09 pro forma| Q1'10|
| | | | |
| | | | |
+------------------------+-----------------+-----------------+-------+
| Revenue | 142.0| 153.3| 173.2|
+------------------------+-----------------+-----------------+-------+

+------------------------+--------------------+--------------------+
| (in millions of euros)|Pro forma Change at |Pro forma Change at |
| |current exchange |constant exchange |
| |rates 2009/2008 |rates 2009/2008 |
+------------------------+--------------------+--------------------+
| Revenue | 13.0%| 8.8%|
+------------------------+--------------------+--------------------+

Philippe Lazare, Ingenico's Chairman and Chief Executive Officer,
stated: "In line with our expectations, the revenue we generated this
quarter was up close to 9 percent compared to Q1'09.

The new organizational structure we announced in March is now effective.
Going forward, we shall focus on implementing our strategic plan aiming at
turning Ingenico Group into a provider of payment services and solutions."

Revenue in Q1'10

To facilitate the assessment of Ingenico's performance, the prior-period
revenue presented in comparison with consolidated revenue for the first
quarter of 2010 have been restated to reflect changes in the company's
scope of consolidation during the year ("2009 pro forma revenue"), i.e.
including the operations of Easycash and eliminating the operations of
Sagem Denmark, Manison Finland and Moneyline Banking Systems as of January
1, 2009.

Moreover, the consolidated revenue figures have been prepared in
accordance with International Financial Reporting Standards (IFRS) and
presented, in accordance with IFRS 8, on the basis of the new breakdown
of Ingenico's business into five regions introduced in the first quarter
of 2010:

- North America (unchanged)

- Latin America (unchanged)

- Asia-Pacific: China, Australia, India and South East Asia

- EEMEA: Eastern Europe (excluding SEPA countries), the Middle East,
Africa, Turkey, Russia

- Europe-SEPA ("Single Euro Payment Area"): 27 European Union members,
Island, Liechtenstein, Norway and
Switzerland.

+-------------------------+-----------+-----------+---------+
|Revenue (in millions of | Q1 2009 | Q1 2009 | Q1 2010|
|euros) | | | |
| | | | |
+-------------------------+-----------+-----------+---------+
| | published| pro forma| |
+-------------------------+-----------+-----------+---------+
|North America | 18.7| 18.7| 29.1|
+-------------------------+-----------+-----------+---------+
|Latin America | 25.7| 25.7| 27.3|
+-------------------------+-----------+-----------+---------+
|Asia-Pacific | 11.8| 11.8| 15.5|
+-------------------------+-----------+-----------+---------+
|EEMEA | 17.7| 17.7| 14.4|
+-------------------------+-----------+-----------+---------+
|Europe- SEPA | 68.1| 79.4| 86.9|
+-------------------------+-----------+-----------+---------+
|Total | 142.0| 153.3| 173.2|
+-------------------------+-----------+-----------+---------+

+-------------------------+--------------------+--------------------+
|Revenue (in millions of |Pro forma Change at |Pro forma Change at |
|euros) |current exchange |constant exchange |
| |rates Q1'10/Q1'09 |rates Q1'10/Q1'09 |
+-------------------------+--------------------+--------------------+
| | | |
+-------------------------+--------------------+--------------------+
|North America | 55.9%| 55.1%|
+-------------------------+--------------------+--------------------+
|Latin America | 6.3%| (7.3%)|
+-------------------------+--------------------+--------------------+
|Asia-Pacific | 31.5%| 16.1%|
+-------------------------+--------------------+--------------------+
|EEMEA | (19.0%)| (20.5%)|
+-------------------------+--------------------+--------------------+
|Europe- SEPA | 9.4%| 8.7%|
+-------------------------+--------------------+--------------------+
|Total | 13.0%| 8.8%|
+-------------------------+--------------------+--------------------+

In line with expectations, revenue was up close to 9 percent compared
with the first quarter of 2009 on a like-for-like basis and at comparable
exchange rates. That growth was supported by a favorable basis of
comparison in the Payment Terminals business, which had been severely
impacted by the economic environment in Q1'09. At the same time, the
Transaction Services business performed in line with the Group's full-year
forecast for 2010.

Revenue in the first quarter of 2010 amounted to EUR 173.2 million,
including EUR 153.2 million generated by the Payment Terminals business
(hardware and maintenance) and EUR 20.0 million generated by the
Transaction Services business.

At constant exchange rates, business by region compared with Q1'09 breaks
down as follows:

- North America (+55.1%): Robust growth as the Group's business caught up
with its level in Q1'08.

- Latin America (-7.3%): Revenue remained high due to substantial sales in
Brazil in anticipation of the change in the acquiring market structure
scheduled on July 1st 2010.

- Asia-Pacific (+16.1%): Revenue was up, particularly in China.

- EEMEA (-20.5%): Revenue was down, although the Group's business in
Turkey and Eastern Europe stabilized. The revenue trend was particularly
impacted by an unfavorable basis of comparison in the Middle East.

- Europe-SEPA (+8.7%): Good performance in most countries has driven
revenue growth. The Group has succeeded in leveraging both the market
growth driven by upcoming regulatory changes in Germany and the banking
RFP won in Q4'09 in France. Revenue have also picked up in the United
Kingdom and been sustained in Spain.

OUTLOOK

Supported by a favorable basis of comparison and specific market dynamics,
the 9 percent revenue growth achieved in the first quarter is in line with
the Group's full-year guidance for 2010. The previously announced target -
revenue of between EUR 790 million and EUR 805 million at comparable
exchange rates and on a like-for-like basis - is consistent with growth
forecasts for the Payment Terminals business (estimated growth between 3
percent and 5 percent in value terms) and the Transaction Services
business (estimated growth between 8 percent and 10 percent in value
terms).

Assuming current economic conditions, the Group confirms its profitability
targets and anticipates profitability to improve with an adjusted
operating margin of between 12.5% and 13%[2], as well as an EBITDA[3]
margin of between 16% and 17%.

CONFERENCE CALL

Ingenico will hold a conference call on Q1 revenue on April 23, 2010 at
3:00 p.m., Paris time. Dial-in number: 01 70 99 32 08 (French domestic) or
+44 (0)20 7162 0077 (international). The presentation will also be
available on www.ingenico.com/finance.

This press release contains forward-looking statements. The trends and
objectives given in this release are based on data, assumptions and
estimates considered reasonable by Ingenico. These data, assumptions and
estimates may change or be amended as a result of uncertainties connected
in particular with the performance of Ingenico and its subsidiaries. These
forward-looking statements in no case constitute a guarantee of future
performance, involves risks and uncertainties and actual performance may
differ materially from that expressed or suggested in the forward-looking
statements. Ingenico therefore makes no firm commitment on the realization
of the growth objectives shown in this release. Ingenico and its
subsidiaries, as well as their executives, representatives, employees and
respective advisors, undertake no obligation to update or revise any
forward-looking statements contained in this release, whether as a result
of new information, future developments or otherwise. This release does
not constitute an offer to sell or the solicitation of an offer to buy or
subscribe for securities or financial instruments..

About Ingenico (Euronext: FR0000125346 - ING)

Ingenico is a leading provider of payment solutions, with over 15 million
terminals deployed in more than 125 countries. Its 2,800 employees
worldwide support retailers, banks and service providers to optimize and
secure their electronic payments solutions, develop their offer of
services and increase their point of sales revenue. More information
on
www.ingenico.com.

+--------------+-----------+---------+
| ISIN code | Bloomberg| Reuters|
+--------------+-----------+---------+
| FR0000125346| ING FP| ING.PA|
+--------------+-----------+---------+
+--------------+-----------+---------+

+-------------------------+--------------------+
|INGENICO - Investor |INGENICO - Press |
|Relations |Contact |
+-------------------------+--------------------+
|Catherine Blanchet | Remi Calvet|
+-------------------------+--------------------+
|Investor Relations | VP Communication|
|Director | |
+-------------------------+--------------------+
|catherine.blanchet@ingeni|remi.calvet@ingenico|
|co.com |.com |
+-------------------------+--------------------+
|+33 1.46.25.82.20 | +33 1.46.25.78.23|
+-------------------------+--------------------+
+-------------------------+--------------------+

Upcoming events

Conference call on Q1'10 revenue: April 23, 2010 at 3:00 p.m. (Paris time)

Annual Shareholders Meeting: May 11, 2010

Investors day: June 9, 2010 (Paris)

Release of H1'10 result: July 29, 2010

Exhibit

2009 pro forma revenue

To facilitate the assessment of Ingenico's performance, the 2009 revenue
data have been restated to reflect the changes in consolidation scope
during the year ("2009 pro forma revenue"), i.e. including the operations
of Easycash and eliminating the operations of Sagem Denmark, Manison
Finland and Moneyline Banking Systems as of January 1,
2009.

+------------------------+-----------+-----------+------------+-----------+
| (in millions of euros)| Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 |
+------------------------+-----------+-----------+------------+-----------+
| | pro forma| pro forma| pro forma | pro forma|
+------------------------+-----------+-----------+------------+-----------+
| North America | 18.7| 25.5| 31.5| 26.5|
+------------------------+-----------+-----------+------------+-----------+
| Latin America | 25.7| 31.1| 34.3| 39.2|
+------------------------+-----------+-----------+------------+-----------+
| Asia-Pacific | 11.8| 20.6| 20.1| 28.4|
+------------------------+-----------+-----------+------------+-----------+
| EEMEA | 17.7| 22.9| 20.9| 19.0|
+------------------------+-----------+-----------+------------+-----------+
| Europe-SEPA | 79.4| 87.7| 91.7| 109.2|
+------------------------+-----------+-----------+------------+-----------+
| Total revenue | 153.3| 187.8| 198.5| 222.3|
+------------------------+-----------+-----------+------------+-----------+
+------------------------+-----------+-----------+------------+-----------+

+------------------------+-----------+
| (in millions of euros)| 2009 |
+------------------------+-----------+
| | pro forma|
+------------------------+-----------+
| North America | 102.2|
+------------------------+-----------+
| Latin America | 130.3|
+------------------------+-----------+
| Asia-Pacific | 80.9|
+------------------------+-----------+
| EEMEA | 80.5|
+------------------------+-----------+
| Europe-SEPA | 368.0|
+------------------------+-----------+
| Total revenue | 761.9|
+------------------------+-----------+
+------------------------+-----------+

[1] On a like-for-like basis at comparable exchange rates.

[2] Adjusted figures before Purchase Price Allocation

[3] EBITDA: profit from ordinary activities before amortization ,
depreciation & provisions and before share based payment expenses

This information is provided by HUGIN

Contact:
Ingenico
info@fr.ingenico.com

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