Gemplus to miss 2006 financial targets
Gemplus International S.A. (Euronext:GEM and NASDAQ:GEMP), a world leading player in the secure card industry and a subsidiary of Gemalto N.V. (Euronext GTO), announces today that it no longer expects to meet its financial performance outlook for 2006.
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The Company cited market conditions that will remain challenging and uncertainties in the global economic environment. Because of the level of its integration within Gemalto, the Company will not provide further guidance on future earnings expectations on a stand-alone basis. It expects to report on October 26, 2006 its financial performance for the third quarter ending September 30, 2006.