Ingenico: Q3 sales down 9% in organic terms
(CercleFinance.com) - The Payment solutions provider Ingenico has posted Q3 net sales of 646 million euros, down 14% as reported and down 9% LFL.
The Retail business unit reported net sales of 348 million euros, down 5% LFL, while the B&A business unit generated net sales of 297 million euros, down 14% LFL.
Ingenico has confirmed its 2020 targets of a mid-to-high single-digit organic decline in net organic sales,, with an EBITDA margin of above 21% (vs. 20.9% in 2019) and above a 50% conversion of EBITDA to free cash flow.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The Retail business unit reported net sales of 348 million euros, down 5% LFL, while the B&A business unit generated net sales of 297 million euros, down 14% LFL.
Ingenico has confirmed its 2020 targets of a mid-to-high single-digit organic decline in net organic sales,, with an EBITDA margin of above 21% (vs. 20.9% in 2019) and above a 50% conversion of EBITDA to free cash flow.
Copyright (c) 2020 CercleFinance.com. All rights reserved.