Gemalto preliminary first semester results and 2017 outlook revision
(Thomson Reuters ONE) -
Amsterdam, July 21, 2017 at 8:30pm - Based on its preliminary first semester
results, Gemalto (Euronext NL0000400653 - GTO) revenue for second quarter is
?742 million, lower by 9% at constant exchange rates compared to the same period
of 2016. For the first semester, the Company profit from operations is in line
with expectations at approximately ?93 million.
Looking ahead, the second quarter double digit decline for Payment in Americas
and SIM business is anticipated to continue for the rest of the year. This
decline will be offset by the expected revenue acceleration in Enterprise,
Machine-to-Machine and Government Programs including 3M Identity Management
Business, leading to a stable revenue year-on-year for the second semester.
Taking into account these revenue trends, the operating leverage of Payment and
SIM businesses will not be realized as expected. The effect of the the
transition plan announced in April is anticipated to start contributing
materially towards the end of the year. Gemalto estimates its 2017 second
semester profit from operations to be between ?200 million and ?230 million.
As a result of the deteriorated prospects for the removable SIM market, the
Company is expected to book a non-cash goodwill impairment charge of
approximately ?420 million in the first semester of 2017.
The Company will provide further details when it publishes its first semester
results on September 1, 2017.
* All figures in this press release are unaudited.
|Investor Relations |Corporate Communication |Media Relations Agency
| | |
|Winston Yeo |Isabelle Marand |Suzanne Bakker
| | |
|M.: +33 6 2947 0814 |M.: +33 6 1489 1817 |M. : +31 6 1136 8659
| | |
|winston.yeo(at)gemalto.com |isabelle.marand(at)gemalto.com |suzanne.bakker(at)citigateff.nl
| | |
|
|Sébastien Liagre
|M.: +33 6 1751 4467
|sebastien.liagre(at)gemalto.com
This press release contains inside information as referred to in article 7
paragraph 1 of Regulation (EU) 596/2014 (Market Abuse Regulation).
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2016 annual revenues of ?3.1 billion and customers in over 180 countries.
We bring trust to an increasingly connected world.
From secure software to biometrics and encryption, 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 15,000+ employees operate out of 112 offices, 43 personalization and data
centers, and 30 research and software development centers located in 48
countries.
For more information visit
www.gemalto.com, or follow (at)gemalto on Twitter.
This communication does not constitute an offer to purchase or exchange or the
solicitation of an offer to sell or exchange any securities of Gemalto.
This communication contains certain statements that are neither reported
financial results nor other historical information and other statements
concerning Gemalto. These statements include financial projections and estimates
and their underlying assumptions, statements regarding plans, objectives and
expectations with respect to future operations, events, products and services
and future performance. Forward-looking statements are generally identified by
the words "expects", "anticipates", "believes", "intends", "estimates" and
similar expressions. These and other information and statements contained in
this communication constitute forward-looking statements for purposes of
applicable securities laws. Although management of the Company believes that the
expectations reflected in the forward-looking statements are reasonable,
investors and security holders are cautioned that forward-looking information
and statements are subject to various risks and uncertainties, many of which are
difficult to predict and generally beyond the control of the Company, that could
cause actual results and developments to differ materially from those expressed
in, or implied or projected by the forward-looking information and statements,
and the Company cannot guarantee future results, levels of activity, performance
or achievements. Factors that could cause actual results to differ materially
from those estimated by the forward-looking statements contained in this
communication include, but are not limited to: trends in wireless communication
and mobile commerce markets; the Company's ability to develop new technology and
the effects of competing technologies developed; effects of the intense
competition in the Company's main markets; challenges to or loss of intellectual
property rights; ability to establish and maintain strategic relationships in
its major businesses; ability to develop and take advantage of new software,
platforms and services; profitability of the expansion strategy; effects of
acquisitions and investments; ability of the Company's to integrate acquired
businesses, activities and companies according to expectations; ability of the
Company to achieve the expected synergies from acquisitions; and changes in
global, political, economic, business, competitive, market and regulatory
forces. Moreover, neither the Company nor any other person assumes
responsibility for the accuracy and completeness of such forward-looking
statements. The forward-looking statements contained in this communication speak
only as of the date of this communication and the Company or its representatives
are under no duty, and do not undertake, to update any of the forward-looking
statements after this date to conform such statements to actual results, to
reflect the occurrence of anticipated results or otherwise except as required by
applicable law or regulations.
Press release (PDF):
http://hugin.info/159293/R/2122365/809237.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.07.2017 - 20:30 Uhr
Sprache: Deutsch
News-ID 553421
Anzahl Zeichen: 7824
contact information:
Town:
Meudon
Kategorie:
Business News
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