|ME Newswire / Business Wire|
AMSTERDAM - Thursday, April 25th 2013
Revenue up +9% at constant exchange rates, growing in all segments
Double-digit revenue increases in Secure Transactions and in Security
Excellent performance of Platforms & Services, up +29% at constant exchange rates
Revenue figures in this document are for ongoing operations1 and variations are at constant exchange rates except where otherwise noted. Revenue figures including contribution of assets held for sale and variations at historical rates are provided in the appendix of this document. All figures presented in this press release are unaudited.
Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its revenue for the first quarter of 2013.
First quarter 2013 Ongoing operations (€ in millions)
Total first quarter 2013
Total first quarter 2012
Year-on-year variations at constant exchange rates
Olivier Piou, Chief Executive Officer, commented: "First quarter growth extends last year’s strong performance. The Platforms & Services activity carries on its fast development, delivering almost half of the quarter’s revenue growth. We continue to build on the long-term contracts in place and add new clients who want to secure mobile access to their services. Electronic identity programs deployed by governments modernizing their services remain on their outstanding trajectory, driving Security growth to +21%. Sales of high-end products to mobile network operators continue to expand and are expected to accelerate over the year as additional LTE and mobile payment services are launched. With this good start, we are on track to deliver on our strong 2013 outlook.”
Basis of preparation of financial information
For a better understanding of the current and future year-on-year evolution of the business, the Company provides revenue from "ongoing operations” for both 2013 and 2012 reporting periods.
The adjusted income statement for ongoing operations excludes, as per the IFRS income statement, the contribution from discontinued operations to the income statement, and also the contribution from assets classified as held for sale and from other items not related to ongoing operations.
In this publication reported figures for ongoing operations only differ from figures for all operations by the contribution from assets held for sale.
Appendix 3 bridges the revenue for ongoing operations to the revenue for all operations.
Historical exchange rates and constant exchange rates figures
Revenue variations are at constant exchange rates except where otherwise noted.
The Company sells its products and services in a very large number of countries and is commonly remunerated in currencies other than the Euro. Fluctuations in exchange rates of these other currencies against the Euro have a translation impact on the reported Euro value of the Company revenues. Comparisons at constant exchange rates aim at eliminating the effect of currencies translation movements on the analysis of the Group revenue by translating prior year revenues at the same average exchange rate as applied in the current year.
To view the full report and tables please click here.
Gabriel Rangoni, +33 6 1426 6956
John Lineberger, +33 6 1243 6304
Isabelle Marand, +33 6 1489 1817