23 February 2018
visit www.nextgenbanking.co.uk/

Gemplus cuts 2005 revenue outlook

20 January 2006  |  2825 views  |  0 cards emv_1

French smart card manufacturer Gemplus has warned that full year revenue will be below previous forecasts due to a quality problem with a chip.

The vendor says revenue for the fourth quarter is now expected to be around EUR262m, while fiscal 2005 revenue is expected to be about EUR939m, down from a December forecast of EUR950m.

Gemplus says the revenue decrease is mainly due to a quality issue with a specific chip. It says measures have been taken to resolve the matter with the concerned supplier.

Operating margins for 2005 are now expected to be around seven per cent, down from a previous forecast of eight per cent.

The company says it is not changing its previous target of 10% operating margins in 2007 and it expects to see continued growth in 2006.

Gemplus agreed to merge with competitor firm Axalto in December under a deal that will create the world's largest smart card maker. However earlier this week rival vendor Oberthur said it may call on the French financial regulator Autorité des Marchés Financiers (AMF) to investigate the deal.
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Oberthur looks to challenge Axalto/Gemplus merger

Oberthur looks to challenge Axalto/Gemplus merger

16 January 2006  |  5781 views  |  0 comments
Gemplus launches 'plastic fantastic' card range

Gemplus launches 'plastic fantastic' card range

13 January 2006  |  7354 views  |  0 comments
Smart card vendors Gemplus and Axalto agree to merge

Smart card vendors Gemplus and Axalto agree to merge

07 December 2005  |  11455 views  |  0 comments
Gemplus acquires Setec as shares drift on disappointing Q1 sales

Gemplus acquires Setec as shares drift on disappointing Q1 sales

25 April 2005  |  5251 views  |  0 comments
Gemplus returns to profit

Gemplus returns to profit

10 February 2005  |  3480 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.nextgenbanking.co.ukRegister for the webinar

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10570 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
9824 views 3 | 8 tweets | 1 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8879 views comments | 13 tweets | 13 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7612 views comments | 15 tweets | 26 linkedin

Featured job

Find your next job