Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its results for the full year 2011.
- Profit from Ongoing operations at €239 million, increases by 15%
- New products and services drive strong profit expansion in Mobile Communication
- Secure Transactions and Security outperform their profit margin objectives
- Revenue from Ongoing operations at €2 billion, up by 9% at constant rate
Olivier Piou, Chief Executive Officer, commented: "In 2011, halfway through our strategic plan, we clearly outperformed our objectives. Secure Transactions and Security have become double-digit profit margin businesses, with strong growth and scale effects. Mobile Communication is back to revenue and profit expansion, benefitting from our investments in software and services. Consequently, the combined profit from operations of our four main segments grew by 28% in 2011. These results provide a strong base for the second part of our plan. We will continue along our strategy of transformation and expansion in the growing market of digital security, and have confidence in reaching our €300 million profit from operations target in 2013.”