Outlook and trends
Significant events since December 31, 2016
All significant events which have occurred since December 31, 2016 are described in Note 15 “Subsequent events” in the notes to the
consolidated financial statements as at December 31, 2016.
On February 23, 2017, Ingenico Group announced the creation of two customer-facing Business Units to meet the distinct needs of
distributors and e-retailers, as well as those of banks and acquirers. This new operational organization also aims to accelerate the
international expansion of the Ingenico Group’s omnichannel offering.
Main risks and uncertainties in 2017
Ingenico Group faces the same risks and uncertainties in 2017 as those described in this 2016 Registration Document.
Main related-party transactions
In 2016, there were no material transactions liable to be considered new regulated agreements. See Note 6d. “Related-party
transactions” in the notes to the consolidated financial statements as at December 31, 2016.
In 2017, the Group expects to achieve revenue growth of 7% (on
a like-for-like basis) and to slightly increase its EBITDA margin
compared with 2016.
Given the 2016 growth achieved and the 2017 targets, the
2020 objective provided in March 2016 now look ambitious.
Beyond 2017, the Group anticipates a gradual improvement
in the organic growth of its revenues and its EBITDA margin.
The Group also confirms the 45% floor of its EBITDA to Free
Cash Flow conversion rate, and maintains its minimum rate of
distribution of net income of 35%.
Registration Document 2016
Comments on the financial year
4.2 Outlook and trends