Gemalto Posts Solid Performance for 2013

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Note -- this news article is more than a year old.

Smartcard vendor, Gemalto has reported that its full year revenue rose, although not by as much as it could have without currency fluctuations, and profits were also higher.

The company said that revenue was up by 6% at EUR2.39 billion, while profits rose by 14 percent to EUR348 million.

All business segments contributed to growth with an especially strong improvement in Secure Transactions, which represented half of the yearly revenue increase. All regions increased their revenue, with a particularly strong performance in the Americas and Asia. 

From a geographical perspective, the Americas and Asia-Pacific surpassed Europe-Middle-East-Africa in terms of absolute contribution to total growth, accounting for 46%, 34% and 20% of total Company revenue expansion respectively. 

The company's CEO, Olivier Piou commented: " Excellent operational performance with our customers and tight cost control offset the adverse currency effects. The growth drivers in our markets remain in place and we have good momentum entering our new 2014-2017 development plan, having laid the foundations for a steady progression toward our long-term objectives."

The company ended the year with net EUR449 million in cash and equivalents in the bank.

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