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Gemalto Announces Preliminary First Semester Results, 2017 Outlook Revision

Company’s profit from operations is in line with expectations at approximately €93 million.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Based on its preliminary first semester results, Gemalto’s revenue for the second quarter of 2017 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.
 
Gemalto estimates its 2017 second semester profit from operations to be between €200 million and €230 million.

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