Gemalto releases first semester trading update

Trading update

Gemalto has released a trading update for the first semester of 2012 (view press release). The update reports a record first semester revenue of around EUR 1 billion, an increase in profit from ongoing operations, up 56% to EUR 115 million, and performance driven by mobile payments, 4G-LTE roll-outs, and digital identity programmes.

“During this semester our teams delivered milestone projects in the digital identity and mobile payment sectors around the world,” said Olivier Piou, CEO. “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 EUR 300 million in yearly profit from operations one year in advance.”

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