Gemalto’s 2015 results show profit from operations up 10% at €423m

Gemalto, a provider of digital security announced strong results today for the full year 2015.

Full year revenue reached €3.1 billion, a rise of 16%. Profit from operations in 2015 climbed 10% to €423 million. Revenue in Payment & Identity stood at €1.8 billion, representing 58% of total sales.

Meanwhile, Gemalto’s Platforms & Services revenue reached €898 million, up by 70% on 2014. Free cash flow generation accelerated over the year, to €233 million in the second semester.

Olivier Piou, chief executive officer, Gemalto
Olivier Piou, chief executive officer, Gemalto

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 optimising our main segments’ performance en route to our 2017 objectives,” he added.

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