INGENICO GROUP: Strategic Plan 2020
(Thomson Reuters ONE) -
Ingenico Group strengthens its global leadership in omni-channel payment
acceptance
- 2020 revenue objective of ?4 billion* (based on a double-digit annual organic
growth and targeted acquisitions)
- 2020 EBITDA margin objective : 22-23% (200-300 basis points higher than in the
preceding plan)
- EBITDA to FCF conversion rate 45% as a floor
- Dividend policy confirmed: payout ratio of 35%
Ingenico Group (Euronext: FR0000125346- ING) is presenting its objectives for
2020 at the Investor Day event held today in London.
Philippe Lazare, the Chairman and Chief Executive Officer of Ingenico Group,
commented: "Ingenico Group has earned recognition as a growth company. To take
that growth further, we will be writing a new chapter in our history in 2016.
With the unique positioning we have built up over the past several years,
Ingenico Group is poised to strengthen its global leadership in omni-channel
payment acceptance to fully meet customer needs. I am confident that our
operational excellence, our results-based culture, the quality and commitment of
our people will enable us to achieve our ambitious objectives in 2020."
The electronic payment market is in the midst of a boom driven by the rise of e-
commerce, new regulations that restrict the use of physical money around the
world and the continuous expansion of the middle class in the emerging
economies. As a result of those trends, new consumption patterns and new payment
methods have emerged.
Ingenico Group's unique status as a provider of smart terminals and both online
and in-store payment services puts the company in an ideal position to offer its
customers simple, secure, omni-channel payment acceptance solutions.
To strengthen its global leadership in omni-channel payment acceptance, Ingenico
Group has identified four strategic priorities:
- Strengthen its in-store leadership
- Further develop its position in full-service online payment services by
developing cutting-edge features that respond to the needs of large-scale
retailers and businesses in the digital economy
- Boost its presence across all channels to be able to offer one-stop omni-
channel solutions
- Anticipate technological change and accelerate short-term, medium-term and
long-term innovation
All these initiatives, which will be deployed across all regions, will make it
possible for Ingenico Group to grow faster than its markets.
Supported by its market leadership in smart terminals and the quality of its
payment services offering, Ingenico Group has set itself the following financial
objectives for 2020:
- Double-digit annual organic growth combined with ?500 million revenue from
targeted acquisitions to reach ?4 billion revenue in 2020 (at 2015 exchange
rates). In the Terminals business, Ingenico Group expects high single-digit
average growth between 2015 and 2020. In Payment Services, average growth is
expected in the mid-teens, with ePayments at mid to high teen growth.
- 2020 EBITDA margin to reach 22-23%, implying an improved operating performance
of +200/300 basis points when compared to preceding mid-term plan target. At the
same time, Ingenico Group will continue with strict cost control to improve its
operational leverage. In 2016, the Group will be stepping up its efforts to
develop and bring to market its offerings in ePayments and to rollout of the new
terminal product ranges. Operating expenses will return to a more normal level
from 2017 onward.
- The floor for the EBITDA to free cash flow conversion rate is maintained at
45%. The Group plans to limit capital expenditure to approximately 3% to 4% of
revenue over the period.
Moreover, Ingenico Group intends to continue with its strategy for creating
shareholder value, including a commitment to maintain its dividend policy, with
a payout ratio of 35%.
The presentation at the Investor Day event in London is available as a live
webcast and as a replay at 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 Group. These data, assumptions and estimates
may change or be amended as a result of uncertainties connected in particular
with the performance of Ingenico Group SA and its subsidiaries. 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 Group
therefore makes no firm commitment on the realization of the growth objectives
shown in this release. Ingenico Group 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 shall not constitute an offer to sell or the
solicitation of an offer to buy or subscribe for securities or financial
instruments.
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 - ING) is the global leader in seamless
payment, providing smart, trusted and secure solutions to empower commerce
across all channels, in-store, online and mobile. With the world's largest
payment acceptance network, we deliver secure payment solutions with a local,
national and international scope. We are the trusted world-class partner for
financial institutions and retailers, from small merchants to several of the
world's best known global brands. Our solutions enable merchants to simplify
payment and deliver their brand promise.
Learn more at www.ingenico.com twitter.com/ingenico
Contacts / Ingenico Group
Investors Investors Communication
Stéphanie Constand-Atellian Caroline Alamy Coba Taillefer
VP Investor Relations Investor Relations Manager External Communication
stephanie.constand(at)ingenico.com caroline.alamy(at)ingenico.com Manager
(T) / 01 58 01 85 68 (T) / 01 58 01 85 09 coba.taillefer(at)ingenico.com
(T) / 01 58 01 89 62
Upcoming events
Investor Day: March 23, 2016 in London
Q1 2016 revenue: April 26, 2016
Annual Meeting of Shareholders: April 29, 2016
PDF VERSION:
http://hugin.info/143483/R/1996952/736000.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: INGENICO via GlobeNewswire
[HUG#1996952]
Unternehmensinformation / Kurzprofil:
Datum: 23.03.2016 - 07:31 Uhr
Sprache: Deutsch
News-ID 459319
Anzahl Zeichen: 7808
contact information:
Town:
Paris
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 248 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"INGENICO GROUP: Strategic Plan 2020"
steht unter der journalistisch-redaktionellen Verantwortung von
INGENICO (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
