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BRIEF-Ingenico acquisition of Bambora in line with strategy - conf call

Published 2017-07-20, 04:03 a/m
BRIEF-Ingenico acquisition of Bambora in line with strategy - conf call
INGC
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July 20 (Reuters) - INGENICO GROUP SA INGC.PA :

* ACQUISITION OF BAMBORA IN LINE WITH CO'S STRATEGY

* MOST OF BAMBORA BUSINESS WILL BE PART OF THE RETAIL UNIT

* EXPECT SYNERGIES TO BE REALIZED IN NEXT 3 YRS- CONF CALL

* REINFORCES GROUP'S PRESENCE ESPECIALLY IN NORTH AMERICA

* BAMBORA SERVING HALF OF THE MARKET ON APAC/AUSTRALIA

* ACQUISITION MAKES INGENICO LEADER IN NORDIC MARKET

* ACQUISITION OPENS ONLINE MARKET IN CANADA

* ON FINANCIAL RESULTS: COME BACK TO POSITIVE RESULTS IN NORTH AMERICA AFTER 3 QUARTERS OF NEGATIVE REVENUE

* ON FINANCIAL RESULTS: ECONOMIC CONDITION IN BRAZIL CONTINUE TO AFFECT THE LATING AMERICA SEGMENT

* ON NORTH AMERICA: BAMABORA OFFER IN CANADA IS NOT SUPPOSED TO BE A CROSS BORDER SOLUTION

* ON NORDIC MARKET: SMALL PIECE OF THE ONLINE MARKET OF CO

* ON PLATFORM STRATEGY: ACQUISITION WILL HELP COMPANY COME TO PARITY WITH COMPETITORS

* ON SYNERGIES: EXPECT CO TO BENEFIT FROM ACQUISITION IN MERCHANT ACQUIRING, CROSS BORDER FINANCES AND IMPROVEMENT IN GEOGRAPHICAL PERFORMANCES

* ON COMPONANT SHORTAGE: DID NOT HAVE IMPACT ON CAPACITY TO DELIVER

* COULD HAVE M&A IN THE FUTURE REGARDING PAYMENTS THROUGH ANDROID

* ON GROSS MARGIN: EVOLUTION OF GROSS MARGIN IS LINKED TO GEOGRAPHICAL POSITION

* ON GROSS MARGIN: EVOLUTION DEPENDS ON THE EVOLUTION OF THE COUNTRY

* ON PRICE OF ACQUISITION: BAMBORA WAS AN ASSET QUITE SOUGHT AFTER Further company coverage: INGC.PA

(Gdynia Newsroom)

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