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| Friday, 3 March 2017, 07:01 HKT/SGT | |
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Source: Gemalto NV | |
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- Full year revenue of EUR 3.13 billion with an acceleration in fourth quarter revenue growth
- Platforms & Services revenue exceeded EUR 1 billion, a year ahead of the current multi-year development plan
- Company gross margin increased by +155 basis points, to 40.5%
- Profit from operations grew to EUR 453 million with strong free cash flow of EUR 318 million, leading to net debt of EUR 67 million |
AMSTERDAM, Mar 3, 2017 - (ACN Newswire) - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security, today announces its results for the full year 2016.
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y-o-y variations
(EUR in millions) FY 2016 FY 2015 A B
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Revenue 3,127 3,122 -- +1%
Gross profit 1,266 1,216 +4%
Operating expenses (814) (793) +3%
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Profit from operations 453 423 +7%
Profit margin 14.5% 13.5% +94 bp
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A: at historical exchange rates
B: at constant exchange rates
Philippe Vallee, Chief Executive Officer, commented: "Gemalto's performance in 2016 demonstrates the strength of its business model and ability to adapt in a very adverse Mobile environment. The Payment activity grew slightly, Machine-to-Machine and Enterprise posted double-digit growth rates, and Government Programs recorded another strong performance. The structural transformation of the Company continued with Platforms & Services surpassing its annual revenue objective of EUR 1 billion a year ahead of the current multi-year development plan. Optimization efforts paid off in the Mobile and Payment & Identity segments resulting in the Company's gross margin exceeding 40% for the first time in its history and leading to an improvement in both profitability and cash generation. In 2017, Gemalto will focus its efforts on growing sales through an increase in cross-selling between businesses. Gemalto is currently working on its new multi-year development plan that will be presented towards the end of the year."
Full Document download: http://bit.ly/2lZWxUA
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2015 annual revenues of EUR 3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.
Our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.
Our 14,000+ employees operate out of 118 offices, 45 personalization and data centers, and 27 research and software development centers located in 49 countries.
For more information visit www.gemalto.com or follow @gemalto on Twitter.
Investor Relations:
Winston Yeo
M.: +33 6 2947 0814
winston.yeo@gemalto.com
Sebastien Liagre
M.: +33 6 1751 4467
sebastien.liagre@gemalto.com
Corporate Communication:
Isabelle Marand
M.: +33 6 1489 1817
isabelle.marand@gemalto.com
Topic: Earnings
Source: Gemalto NV
Sectors: Electronics, Cloud & Enterprise, CyberSecurity, Wireless, Apps
http://www.acnnewswire.com
From the Asia Corporate News Network
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