Gemalto reported €928million revenue in 1H increases by 14%, with 21% growth in secure transactions.
Profit from ongoing operations during the first half stood at €72 million, an increase of 8%, and by 35% in the main segments.
“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,” Olivier Piou, Chief Executive Officer, said.
“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.”