Ingenico Aims For Revenue Growth Of $2.3 Billion By 2016

By  |  March 26, 2013
 | 

French payments terminal company Ingenico is aiming to grow its annual revenue to above $2.3 billion in 2016, it revealed today during Investor Day announcements.

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    The company has also announced the final closing of its Ogone acquisition and the launch of its Telium 3 platform by Ingenico R&D. Ingenico first announced its Ogone acquisition in January.

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    Ingenico is targeting an EBITDA margin goal of 20 percent of its revenue for 2016. In 2012, Ingenico’s annual revenue was $1.54 billion with an EBITDA margin of 18.5 percent, as The Economic Times points out.

    “Payment remains the universal, definitive and decisive element in the act of purchasing in a constantly evolving ecosystem marked by the development of both e-commerce and mobile payment, combined with a new relationship between consumers and merchants that has radically changed. In this context, Ingenico is, more than ever, central in the merchant-consumer relationship,” said Phillippe Lazare, chairman and CEO of Ingenico, in a release.

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