Gemalto First Semester 2012 Results

AMSTERDAM - Thursday, August 30th 2012 [ME NewsWire]

    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