Gemalto full year 2015 financial results

Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its results for the full year 2015.

• Full year revenue of €3.1 billion, up +16%, and profit from operations up +10%, at €423 million
• Revenue in Payment & Identity at €1.8 billion, represents 58% of the total sales
• Platforms & Services revenue reaches €898 million, up +70%
• Free cash flow generation accelerated over the year, with €233 million in the second semester

Olivier Piou, Chief Executive Officer, commented:  “2015 illustrates the structural transformation and successful diversification of the Company. Payment is now clearly the largest business of the Company; the Enterprise portfolio is aligned following SafeNet integration; Government Programs is back to rapid growth with a solid win rate; adjustments are supporting the SIM activity evolution; and the Machine-to-Machine business continues to expand rapidly. In a challenging 2015 Mobile environment, Gemalto demonstrated the resilience of its business model with another double digit expansion in profit from operations and strong cash generation. Entering the second part of our multi-year development plan we will focus in 2016 on expanding our gross margin, progressively optimizing our main segments’ performance en route to our 2017 objectives.”