Smart card maker Gemalto reports record 2012 sales

Mar 14, 2013

The world's leading manufacturer of smart cards, Gemalto, posted on Thursday a 25-percent jump in 2012 net profit on record sales, and forecast double-digit growth for this year built on growth in the international mobile telephone and security markets.

Gemalto's net profit climbed to 201 million euros ($260 million) on sales that rose 9.0 percent to a new record of 2.25 billion euros as demand grew for plastic cards equipped with embedded .

The group's core operating profit increased 26 percent to 305 million euros, a statement added.

Chief executive Olivier Piou said the company had reached its objectives faster than expected, noting that "over the past three years we grew our revenue and profit by close to 40 percent and 80 percent respectively, and kept a strong net cash position".

Looking ahead, Gemalto said long-term contracts secured in the and government sectors "will bolster our profitable expansion into the future".

For 2013, "Gemalto anticipates double digit revenue expansion at constant exchange rates," it said, adding that its long-term development plan will be announced in the second half of the year.

Explore further: Venture investments jump to $9.5B in 1Q

add to favorites email to friend print save as pdf

Related Stories

Amadeus quarterly profit soars 30 percent

Aug 03, 2012

Spain's Amadeus, the world's biggest processor of travel bookings, on Friday announced second-quarter net profits of 164.6 million euros ($200.9 million), up 30.3 percent on the same period last year.

SAP says profits up in first quarter

Apr 13, 2012

German software giant SAP said on Friday it was sticking to its full-year targets for 2012 after profits rose in the first three months.

Infineon sees lower 2012 sales as crisis bites

Nov 16, 2011

German semi-conductors giant Infineon said Wednesday it expected sales in its current business year to decline by around five percent as customers increasingly hold back in the current economic gloom.

Recommended for you

Airbnb rental site raises $450 mn

1 hour ago

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

US venture investments highest since 2001 (Update)

Apr 18, 2014

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

User comments : 0

More news stories

Health care site flagged in Heartbleed review

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

Airbnb rental site raises $450 mn

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Impact glass stores biodata for millions of years

(Phys.org) —Bits of plant life encapsulated in molten glass by asteroid and comet impacts millions of years ago give geologists information about climate and life forms on the ancient Earth. Scientists ...