Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 3 March 2017, 07:01 HKT/SGT

Source: Gemalto NV
Gemalto full year 2016 results
- 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.
                                                          y-o-y variations
(EUR in millions)         FY 2016         FY 2015            A         B
Revenue                     3,127           3,122           --       +1%
Gross profit                1,266           1,216          +4%
Operating expenses          (814)           (793)          +3%
Profit from operations        453             423          +7%
Profit margin               14.5%           13.5%          +94 bp
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:

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 or follow @gemalto on Twitter.

Investor Relations:

Winston Yeo
M.: +33 6 2947 0814

Sebastien Liagre
M.: +33 6 1751 4467

Corporate Communication:

Isabelle Marand
M.: +33 6 1489 1817

Topic: Earnings
Source: Gemalto NV

Sectors: Electronics, Cloud & Enterprise, CyberSecurity, Wireless, Apps
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Gemalto NV Links

Gemalto NV
Jan 16, 2018 14:00 HKT/SGT
Gemalto and Ponemon Institute Study: Big gaps emerge between countries on attitudes towards data protection in the cloud
Jan 4, 2018 14:00 HKT/SGT
Gemalto Launches the First Biometric EMV Card for Contactless Payments
Dec 17, 2017 15:00 HKT/SGT
Thales and Gemalto Create a World Leader in Digital Security
Dec 14, 2017 14:00 HKT/SGT
Gemalto Research Reveals Hardware Technology Companies See 11% Increase in Earnings Following Shift to Software-based Revenue Models
Dec 14, 2017 04:00 HKT/SGT
Gemalto Rejects Unsolicited and Conditional Proposal by Atos
Dec 12, 2017 14:00 HKT/SGT
Gemalto in the process of reviewing the unsolicited and conditional proposal by Atos
Dec 7, 2017 14:00 HKT/SGT
Gemalto eSIM technology enables Always Connected experience for new Microsoft Surface Pro with LTE Advanced
Dec 4, 2017 14:00 HKT/SGT
Gemalto Gives Google Cloud Platform Customers Flexible Encryption and Key Management Capabilities
Nov 28, 2017 14:00 HKT/SGT
Majority of consumers would stop doing business with companies following a data breach, finds Gemalto
Nov 14, 2017 14:00 HKT/SGT
Huawei and Gemalto team up to accelerate NarrowBand IoT deployments
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: