Gemalto reports jump in profits, raises long-term goal

05/03/15

Secure element manufacturer Gemalto has reported a rise in annual profit and increased its long-term targets.

Gemalto's full year profit from operations rose to 383 million euros (US$423 million) in the year ended 31 December, from 348 million euros a year earlier.

Helped by its acquisition of SafeNet, the company has also reported a 5 percent annual revenue rise on a constant currency basis to 2.47 billion euros ($2.73 billion) against 2.38 billion euros a year earlier.

The company has now raised its goal for 2017 profit from operations to exceed 660 million euros (about $731 million) from its previous target of over 600 million euros.

Olivier Piou, Chief Executive Officer, commented: “2014 laid the foundation for our new multi-year development plan as highlighted by several key milestones within Gemalto and its markets. Strategic investments were made at the right time and under favorable conditions to reinforce two major growth drivers for the duration of the plan, EMV and cyber security.

"Regarding our other operations, numerous program wins increased our eGovernment backlog, we broadened our offers to address the device manufacturers and added tokenization capability to our various platforms. Our teams are in place to deliver accelerated revenue and profit growth in 2015, and with the acquisition of SafeNet we are upgrading our 2017 profit from operations objective to over €660 million.”

On 10 February, Gemalto revealed that it had signed a definitive agreement to acquire the secure document business from Trüb AG.

Trüb has a 150-year history of secure printing. Headquartered in Aarau, Switzerland, it has been a pioneer in eco-friendly and highly secure polycarbonate technology.  Trüb provides identification solutions primarily to governments and banks and is a leading provider of high security polycarbonate identity documents.

The company had raised its goal for 2017 profit from operations to exceed 660 million euros (US$731 million) from its previous target of over 600 million euros thanks to its acquisition of data protection specialist SafeNet.

Gemalto shares have risen from a 2014 low around 53 euros to 72 euros this week, but are still down from 2014 high of about 87 euros.

Subscribe to our free newsletter
Follow us on Twitter
Join us on LinkedIn

Gemalto shares have risen from a 2014 low around 53 euros to 72 euros this week.
Gemalto shares have risen from a 2014 low around 53 euros to 72 euros this week.

Latest Features & Interviews

Interview: Sean Farrell, Head of Portfolio Management, Government Solutions, SITA

Planet Biometrics discussed the future of biometric travel technology with Sean Farrell, head of Portfolio Management, Government Solutions, SITA.

Interview: Get Group's Gerald Hubbard

Ahead of connect:ID 2017, Security Document World took time-out to speak to Gerald Hubbard, director of business development  at Get Group

White paper: Slovakia prototypes mobile electronic identification (MeID) solution

Empowering e-government by shifting to smart cards is accelerating the arrival of a new era of mobile identity and electronic documents.

More articles >>
Share |

Sponsored Links

SDW Conference and Exhibition
SDW is a world-leading conference and exhibition providing a global showcase for next-generation secure credentialing solutions.

Milipol Paris 2017 21-24 Nov 17
UK Security Expo 29-30 Nov 17
Border Security Expo 2018 31 Jan 18 - 02 Feb 18
connect:ID 2018 Event supported  by Planet Biometrics 30 Apr 18 - 02 May 18
SDW 2018 Event supported  by Planet Biometrics 25-27 Jun 18