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Gemalto full year 2017 results

Amsterdam, March 2, 2018 at 12:00 AM - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its results for the full year 2017.

Philippe Vallée, Chief Executive Officer, commented: "Gemalto's second semester finished on a stronger note with solid contributions from Enterprise, Machine-to-Machine and Government Programs after a first semester impacted by very adverse conditions on our two historical markets.

Moving forward, the strong demand in the Enterprise, Government and IoT markets is expected to continue, driven by the rising level of cyber incidents and data breaches, the need for increased security at country borders and the growing benefits of connected devices expanding across industries. The US EMV payment market normalization should come to an end in 2018 and the removable SIM market is expected to keep declining while next generation connectivity usage grows slowly.

In this context, Gemalto's strategy is built on two pillars. The first one aims at strengthening our leadership in biometrics, civil identity and data protection. The second pillar builds on our leadership in digitalization while rightsizing our operations in the more mature businesses.

Gemalto and Thales announced their intention to combine their operations, bringing together Gemalto with Thales digital assets as a new Thales Global Business Unit. This combination will accelerate the implementation of Gemalto's strategy".


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