• First semester revenue of €1.13 billion and profit from ongoing operations at €120 million
• Platforms & Services revenue up +10% and Embedded software & Products up +5%
• Strong performance in Mobile Financial Services (+24%) and EMV payment cards (+22%) was dampened by lower revenue from eGovernment documents and Netsize
• Excluding the recently announced acquisition of SafeNet, Gemalto anticipates a double-digit expansion in its profit from operations in 2014 and an acceleration of its year-on-year revenue growth at constant exchange rates in the second semester, and with SafeNet, Gemalto expects its 2017 profit from operations objective of €600 million to increase by around +10%.
Amsterdam – Aug 28, 2014 – Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security today announces its results for the first semester 2014.
Olivier Piou, Chief Executive Officer, commented: “The first semester was particularly busy in preparation for a year with pronounced seasonality. We extended our commercial momentum as revenue growth accelerated in the Mobile segment and new contracts were signed in the Payment & Identity segment that will generate significant revenue going forward. The ramp-up of EMV, the acceleration in the Government sector – fueled by the contracts we recently won, the launch of the previously delayed mobile contactless services and our expansion in the Identity & Access Management business all support our expectation for an accelerated revenue growth in the second part of the year. With strong operating leverage in place, we confirm our objective of double-digit increase in profit from operations for the full year 2014.”