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ג'מלטו מדווחת על תוצאות כספיות לרבעון ראשון לשנת 2017

מאת:  זהר נוי - נוי תקשורת   |   תאריך:  01/09/17 04:47   |   קטגוריה:  פרסום ושיווק
תגיות:   ג'מלטו , GEMALTO
שתף שתף במייל שתף בטוויטר שתף בפייסבוק

ג'מלטו מדווחת על תוצאות כספיות לרבעון ראשון לשנת 2017

Gemalto first semester 2017 results
• Revenue of €1.4 billion, lower by (8%) at constant exchange rates and (7%) at historical exchange rates
• Government Programs and Machine-to-Machine acceleration in the second quarter after a slow start
• Acquisition of 3M's Identity Management Business well received by customers
• Profit from operations at €93 million, with €50 million of free cash flow
• €425 million goodwill impairment charge as a result of deteriorated prospects for the removable SIM market

To better assess past and future performance, the income statement is presented on an adjusted basis and variations in revenue figures above and in this document are at constant exchange rates except where otherwise noted (see page 2 "Basis of preparation of financial information"). Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the consolidated financial statements. Reconciliation with the IFRS income statement is presented in Appendix 1. The statement of financial position is prepared in accordance with IFRS, and the cash position variation schedule is derived from the IFRS cash flow statement. All figures in this press release are unaudited..

Amsterdam, September 1, 2017, GLOBENEWS WIRE:

Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its results for the first semester 2017.

Key figures of the adjusted income statement
Year-on-year variations

(€ in millions) First semester 2017 First semester 2016 at historical exchange rates at constant exchange rates
Revenue 1,393 1,495 (7%) (8%)
Gross profit 502 586 (14%)
Operating expenses (409) (415) (1%)
Profit from operations 93 172 (46%)
Profit margin 6.7% 11.5% (4.8 ppt)

Philippe Vallée, Chief Executive Officer, commented: "In the second quarter, Gemalto's year-on-year base of comparison in the US Payment business was at its most challenging level, reflecting the on-going adjustments in US EMV demand. In addition the removable SIM business deteriorated faster than we expected. As a result, the Company's first semester results were disappointing. Looking ahead, Gemalto expects to generate year-on-year stable revenue in the second semester supported by an acceleration in its Enterprise, Government Programs and Machine-to-Machine businesses leading to the outlook announced in July. The priorities that I have set for the teams are to rapidly integrate the newly acquired Identity Management Business, successfully execute the first actions of the transition plan and focus our investments on offers that are key to our clients' digital transformation."

For more information visit
www.gemalto.com, or follow @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 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.

\Attachments:

http://www.globenewswire.com/NewsRoom/AttachmentNg/ec9c9caf-47bc-4df9-9998-dc63087b02b1






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