Ingenico has released its results for FY 2015, which are in line with consensus. Lfl sales are up 14% and 36.7% on a reported basis, at €2,197m, vs. €1,607m in 2014. This growth mostly originated from Payment Terminals (€1,532m, +21.7%), while Transaction Services grew by 9% on a lfl basis at €665m (of which +7% for e-Payments), and benefited from the excellent commercial performance in North America (+44%, of which +81% for the USA) and APAC (+19%). The gross margin reach
