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2014-04-30

INGENICO : Outstanding performance in the first quarter of 2014

Outstanding performance in the first quarter of 2014

* Q1 2014 revenue of €325 million
* Organic growth [1]: +20%
* Strong performance across all regions
* Double-digit growth in both segments
* Specified guidance for 2014: organic growth between 10% and 15%, EBITDA
[2]margin of at least 21%

Paris, April 30, 2014. Ingenico (Euronext: FR0000125346 - ING) announced today
its revenue figures for the first quarter of 2014.

--------------------------------------------------------------------------------------------------------------------------------------------------
|(in millions of euros) Q1'14 Q1'13 Q1'13 reported 2014/2013 change on a reported basis** 2014/2013 change on a comparable basis[1] |
| |
| |
| pro forma* |
|Revenue 325 285 303 +7% +20% |
--------------------------------------------------------------------------------------------------------------------------------------------------
*Including the disposal of TransferTo as of January 1, 2013.

** Based on 2013 revenue including the contribution of TransferTo, disposed of
in December 2013.

Philippe Lazare, Chairman and CEO of Ingenico, commented:"In the first
quarter, Ingenico's business activity has seen remarkable growth
across all regions in which we operate. This performance is mostly based on
our unique competitive positioning in a stronger market than expected.

Moreover this performance demonstrates the relevance of our multi-local
strategy: we have enhanced our leadership in China and in emerging markets,
accelerated our deployment in North America and managed to successfully
integrate Ogone, leader on digital payments.

By deploying our fast and secure payment solutions across all distribution
channels - in-store, on-line and mobile - we have more than ever assumed our
role as facilitator for our customers in their interaction with consumers.

All of these factors now enable us to provide a more specific revenue guidance
for this year."

Revenue in Q1'14

With Ingenico's European business and Transactions division now combined,
Italy and Eastern Europe have been included in the EMEA region with effect
from January 1, 2014, reflecting their primary orientation toward Payment
Terminals. At the same time, following the disposal of TransferTo in December
2013, the Central Operations division now encompasses ROAM and central
procurement. Healthcare revenue is now included in the Europe-SEPA region.

To facilitate assessment of the Group's performance, consolidated revenue for
the first quarter of 2014 is compared here with pro forma revenue with effect
from January 1, 2013 to reflect the deconsolidation of TransferTo carried out
in 2013.

-----------------------------------------------------------------------------------------------------------------
| Q1 2014 Q1 2013 Q1 2013 reported 2014/2013 change |
| |
| |
| pro forma* |
| €m €m €m Comparable basis[1] Reported basis |
| |
| |
| |
| Like-for-like at constant exchange rates |
|Europe-SEPA 134 123 134 8% 0% |
|Latin America 45 48 48 9% -6% |
|Asia-Pacific 58 47 47 28% 23% |
|North America 31 21 21 61% 48% |
|EMEA 55 44 26 37% 112% |
|Central Operations 2 2 27 26% -93%** |
|Total 325 285 303 20% 7% |
-----------------------------------------------------------------------------------------------------------------

*Reflecting the new regional breakdown and the disposal of TransferTo as of
January 1, 2013.

**Based on 2013 revenue including the contribution of TransferTo, disposed of
in December 2013.

In the first quarter of 2014, revenue totaled €325 million, representing a 7
percent increase on a reported basis. This result included a negative foreign
exchange impact of €18 million, particularly in relation to Latin America.
Total revenue included €268 million generated by the Payment Terminal
business (hardware, services, and maintenance) and €57 million generated by
Transaction Services.

On a comparable basis[1]
, revenue growth was 20 percent higher than in Q1 2013, driven by a
double-digit growth in both segments. The Group's performance in Payment
Terminals (up 21 percent) was fueled by its multi-local footprint in a
stronger than expected market trends. Transaction Services business increased
by 5-point to 14 percent, thanks to good results for in-store and online
payment solutions.

All regions contributed in the first quarter of 2014 to the Group's overall
strong performance. In addition, Services, Maintenance and Transactions
accounted for a steady 30 percent of Group's revenue (excluding TransferTo).

Performance for the quarter, by geography and on a like-for-like basis[1]
compared with Q1 2013, was as follows:

* Europe-SEPA (up 8 percent): The Group performed well in both business
segments. In Payment Terminals, a number of orders were deployed faster
than anticipated, particularly in the United Kingdom's large retailers and
in the Spanish banking sector. As expected, Ingenico stepped up the
deployment of its strategy based on in-store, online payment and mobile
payment services through Ogone, which booked a 27-percent growth.
Leveraging on Ingenico's presence in Spain, Ogone signed its first
contracts in the country during the first quarter of 2014.

* Latin America (up 9 percent): The good performance of Ingenico was driven
by an active sales policy, with Ingenico being now the payment solution
provider to the region's top thirty banks and financial institutions. As
expected, the Group returned to growth in Brazil during the quarter and
intensified its market presence elsewhere, notably in Mexico and the
Caribbean.

* Asia-Pacific (up 28 percent): Ingenico has continued to enjoy a strong
growth in this region, above all in China, where the Group has confirmed
its leading position, quarter after quarter. In broader terms, a focused
sales strategy over the past several quarters has given the Group a vast
acceptance network connected to the region's 30 largest banks.

* North America (up 61 percent): This strong performance reflects the ramp-up
of Ingenico's business in the region, particularly through the accelerated
delivery of a major order in Canada. Ingenico is strongly involved and
well-positioned in the deployment of secure payment solutions
(point-to-point encryption, EMV), which are expected to gain ground, most
specifically in the United States, as evidenced by the contracts recently
signed by Ingenico with the distributor CardConnect and with HoneyBacked.

* EMEA (up 37 percent): The Group continued to enjoy further strong sales
momentum across the region, driven by the accelerated rollout of several
orders in Italy during the quarter and its direct market presence in
Russia. Ingenico has continued to benefit from the reorganization of its
distribution network in the Middle East. Lastly, the launch of a new
solution in Turkey combining payment with fiscal memory looks promising.

* Central Operations (up 26 percent): ROAM has continued to deploy its
mobile point-of-sale solutions in the United States, making new customer
wins with EVO, and Thatcher Technology Group.

Outlook

During the first quarter, Ingenico has achieved an outstanding performance in
Payment Terminals, and, in addition to that, the Transaction Services
business seems also well oriented in most countries in Europe.

In this context, the Group provides a more specific revenue guidance for 2014.
Ingenico expects organic growth[1]
of between 10 and 15 percent, based on pro forma 2013 revenue of €1,301
million (excluding the contribution of TransferTo, disposed of on December 1,
2013).

As in the second half of 2013, Ingenico intends to accelerate its investments
in 2014 in future growth drivers to keep pace with a rapidly evolving market,
and restates its expectation that EBITDA[2]
margin will exceed or be equal to 21 percent.

Conference Call

A conference call to discuss Ingenico's Q1 2014 revenue will be held on April
30, 2014 at 6.00 p.m., Paris time. Dial-in number: 01 70 99 32 12 (French
domestic) or +44 (0)207 1620 177 (international).

The presentation will also be available onwww.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 statements are
by their nature subject to risks and uncertainties as described in Ingenico
registration document ("document de reference"). These forward-looking
statements in no case constitute a guarantee of future performance, and
involve risks and uncertainties. Actual performance may differ materially
from that expressed or suggested in the forward-looking statements. Ingenico
therefore makes no firm commitment on the realiz...

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