|AMSTERDAM - Thursday, October 24th 2013 [ME NewsWire]|
Double-digit revenue expansion, with growth in all main segments and all regions.
Platforms & Services revenue up +37%, representing more than half of total revenue growth.
Secure Transactions up +18%, driven by large digital payment deployments.
Revenue figures above and 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 appendices of this document. All figures presented in this press release are unaudited.
(BUSINESS WIRE)-- Regulatory News:
Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its revenue for the third quarter of 2013.
Third quarter 2013 Ongoing operations (€ in millions)
Total third quarter 2013
Total third quarter 2012
Year-on-year variations at constant exchange rates
Olivier Piou, Chief Executive Officer, commented: "Gemalto’s diversified businesses and geographic footprint led to another quarter of strong revenue growth. A key component of our new multi-year plan is the development of our Platforms & Services activity, and its performance, expanding nearly +30% since the beginning of the year, evidences the trust our customers place in us. Our Embedded software & Products activity also develops rapidly, as expected, with +8% in year-to-date revenue growth. With this progress and despite the adverse currency environment we are on track to deliver on our outlook for 2013, which remains unchanged.”
1 See basis of preparation on page 2, and appendix 3 of this document for more information on ongoing operations.
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.
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