Gemalto third quarter 2016 revenue and 2017 outlook

​Amsterdam, October 28, 2016 at 12:00am - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its revenue for the third quarter of 2016.

Philippe Vallée, Chief Executive Officer, commented: "Gemalto's revenue was stable over the first nine months of 2016. In the third quarter, Enterprise and Government Programs posted moderate revenue increases while Machine-to-Machine's growth accelerated. Payment and SIM sales were in line with the Company's expectations for the quarter. Gemalto expects to increase its gross margin by +1.5 percentage point through an acceleration of revenue growth towards the end of the year. From the current planning processes, Gemalto's 2017 profit from operations is expected to be between €500 million and €520 million, which corresponds to an annual expansion of around +10% since 2013. This outlook reflects a very adverse mobile environment and slower than anticipated migration of payment cards in 2017. It also takes into account plans for increased investments to capture growth beyond 2017 in Mobile Platforms & Services, Enterprise and Government Programs. Gemalto's Platforms & Services revenue objective of €1 billion in 2017 remains unchanged."

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