Gemalto releases trading update

Trading update

Gemalto has released its trading update for the third quarter 2012 (view press release). Highlights include increased revenue of 11% at constant exchange rates, and an increase of 18% at historical rates, to EU 575 million; record revenue in Security and in Mobile Communication, and ‘stand-out’ performance from Platforms and Services and the Asia region. The firm’s target of EU 300 million on profit for 2013 from operations is expected to be reached one year in advance.

“This quarter was marked by the great performance of Mobile Communication, which delivered on the surge on demand for our 4G-LTE and new form factor products ahead of the introduction of highly anticipated mobile devices,” said Olivier Piou, CEO. “Our Platforms and Services activity also performed particularly well in all businesses with excellent execution of projects related to mobile payment, trusted service management and advanced over-the-air services. Security further added to the quarter’s results as government agencies and enterprises actively deployed our modern digital identity and authentication solutions. Overall, Gemalto continues to deliver on its strategy and the Company has initiated the preparation of its next development phase that will be presented during the semester of 2013.”

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