AMSTERDAM - Thursday, April 28th 2011 [ME NewsWire]
* Revenue increases by +17% to € 444 million
* +27% revenue growth in Secure Transactions
* Continued software and services growth in Mobile Communication
* Record contract bookings in Security
All figures presented in this press release are unaudited.
AMSTERDAM-- April 28, 2011-(BUSINESS WIRE/ME NewsWire)-- Regulatory News:
Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announced its revenue for the first quarter of 2011.
Gemalto Revenue for Ongoing Operations
Gemalto Ongoing Operations
Total 4 main segments
Total Q1 2011
Total Q1 2010
Mobile Communication
M2M
Secure Transactions
Security
Patents
Revenue
214 M€
43 M€
121 M€
65 M€
444 M€
0 M€
444 M€
378 M€
At historical exchange rates
0%
-
+ 27%
+ 11%
+ 20%
(99%)
+ 17%
At constant exchange rates
(3%)
-
+ 23%
+ 9%
+ 17%
(99%)
+ 14%
Olivier Piou, Chief Executive Officer, commented: “Gemalto recorded another quarter of solid revenue expansion, in line with its expectations. Secure Transactions continued to outperform, as chip-and-PIN and high-end contactless payment solutions deploy worldwide. Near Field Communication mobile payment generates considerable interest and our current investments have already led to key service contract wins. Together with record level of bookings in Security, this reinforces our strategic positioning and long-term growth prospects.”
Basis of preparation of financial information
In this press release the revenue information for the first quarter of both 2010 and 2011 is presented for ongoing operations and under the 2011 format of segment reporting.
Ongoing operations:
In this publication like in previous publication, and for a better understanding of the current and future year-on-year evolution of the business, the Company provides revenue for the “Ongoing operations” for both 2010 and 2011 reporting periods.
* Ongoing operations: The adjusted income statement for “Ongoing operations” not only excludes, as per the IFRS income statement, the contribution from discontinued operation to the income statement, but also the contribution from assets classified as held for sale.
* Assets held for sale: The assets of one of the Company joint ventures (the “JV”) active in China in Secure Transactions and Security, and for which final shareholding restructuring agreement has been signed with the partner.
* Discontinued operation: The disposal of the Company business in point of sale (“POS”) terminals to Verifone was effective on December 31, 2010. As per IFRS the contribution of this activity to the IFRS income statement was reclassified for the 2010 reporting periods. Consequently there is no revenue of POS included in the Company 2010 and 2011 reported revenues.
The Appendix 1 details the contribution of discontinued operations to the first quarter 2010 revenue.
To view the full report including tables please click here
Contacts
Gemalto
Investor Relations
Gabriel Rangoni, M.: +33(0) 6 1426 6956
gabriel.rangoni@gemalto.com
Investor Relations
Gabriel Rangoni, M.: +33(0) 6 1426 6956
gabriel.rangoni@gemalto.com
Corporate Communication
Isabelle Marand, M.: +33(0) 6 1489 1817
isabelle.marand@gemalto.com
No comments:
Post a Comment