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Gemalto increases revenues 13% to EUR 2.24 bln in 2012

2013-03-14 08:58:00| Telecompaper Headlines

(Telecompaper) Smartcard group Gemalto reported revenues up 13 percent to EUR 2.24 billion in 2012, with the largest growth coming from the mobile communications and security segments. Gross profit rose by 15 percent to EUR 864 million, for a 38.5 percent margin, up 1.2 percentage points on 2011. Profit increased by 20 percent to EUR 306 million, after adjusting the value of Gemalto's investment in a Chinese joint venture. Adjusted net profit increased grew by 15 percent to EUR 262 million. Gemalto will propose a EUR 0.34 per share dividend for 2012, 10 percent more than in 2011. For 2013, Gemalto expects double-digit growth in revenue at constant exchange rates. The group will announce its next long-term development plan and targets in the second half.

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