Record first semester revenue of over €1 billion
Profit from ongoing operations up 56% to €115 million
Mobile payment, 4G-LTE roll-outs, and digital identity programs drive performance
The interim condensed consolidated financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS). To better assess past and future performance the income statement is presented on an adjusted basis (see page 2 “Basis of preparation of financial information”). Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the interim condensed consolidated financial statements. The reconciliation with the IFRS income statement is presented in Appendix 2. The statement of financial position is prepared in accordance with IFRS, and the cash position variation schedule is derived from the IFRS cash flow statement. All figures in this press release are unaudited.
(BUSINESS WIRE)-- Regulatory News:
Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its results for the first semester of 2012.
Key figures of the adjusted income statement
Year-on-year variations
Ongoing operations (€ in millions )
First semester 2012
First semester 2011
at historical exchange rates
at constant exchange rates
Revenue
1,016
921
+10%
+7%
Gross profit
386
320
+21%
Operating expenses
(271)
(247)
+10%
Profit from operations
115
74
+56%
Profit margin
11.3%
8.0%
+3.3 ppt
Olivier Piou, Chief Executive Officer, commented: “During this semester our teams delivered milestone projects in the digital identity and mobile payment sectors around the world. Gemalto achieved strong results that illustrate its transformation and the benefits of its strategy of innovation in the rapidly-expanding digital security market. We are determined to continue growing our revenue as planned, leveraging our improved business mix and continuing to invest in our new offers. Gemalto will now strive to reach its long-standing 2013 ambition of delivering €300 million in yearly profit from operations one year in advance.”
To view the full report and tables please click here.
Contacts
Gemalto
Investor Relations
Gabriel Rangoni, +33(0) 6 1426 6956
gabriel.rangoni@gemalto.com
John Lineberger
john.lineberger@gemalto.com
Corporate Communication
Isabelle Marand, +33(0) 6 1489 1817
isabelle.marand@gemalto.com
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