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Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security today announces its results for the full year 2013.
- Double-digit expansion in profit from operations and revenue, at €348 million and €2,384 million respectively, delivering a 14.6% operational margin
- Platforms & Services revenue up +21% and Embedded software & Products revenue up +8%
- Free cash flow generation accelerated over the year with €163 million in the second semester
- Dividend increase to 38 cents per share will be proposed to the General Meeting of shareholders
Olivier Piou, Chief Executive Officer, commented: “Gemalto closed its 2010-2013 development plan with €348 million in profit from operations, surpassing the plan's profit expansion objective by close to 40%. Excellent operational performance with our customers and tight cost control offset the adverse currency effects. The growth drivers in our markets remain in place and we have good momentum entering our new 2014-2017 development plan, having laid the foundations for a steady progression toward our long-term objectives.”
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