Gemalto posts H1 revenue rise

Source: Gemalto

Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its results for the first half of 2011.

• Revenue at €928 million increases by 14%, with 21% growth in Secure Transactions
• Profit from ongoing operations at €72 million increases by 8%, and by 35% in the main segments
• Secure Transactions and Security expand to generate more than half of this profit

Olivier Piou, Chief Executive Officer, commented: "Our four main segments generated 16% revenue growth and 35% profit expansion. These results evidence Gemalto's strong progress along its strategic plan, which combines organic growth with bolt-on acquisitions. Secure Transactions stood out, with 21% revenue growth and double-digit profit margin. Security also recorded double-digit revenue growth and increased profit margin. We continued to invest in our new mobile offerings and as a result, we expect Mobile Communication to return to year-on-year profit expansion for the second semester. The sustainable and wider adoption of the EMV standard and dual interface contactless cards further adds to our confidence in delivering on the € 300 million profit from operations target we have set for ourselves in 2013." 

Read the full statement here:

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