Gemalto Announces New Multi-Year Development Plan and Objectives

Gemalto announces its new multi-year development plan. In this plan, the company has set for itself the objective of achieving €600 million in profit from operations by 2017, essentially doubling its 2012 full year performance, on the back of double-digit revenue CAGR expansion, at constant exchange rate, balanced growth between its Embedded Software & Products and its Platforms & Services activities, and operational leverage.

Revenue from Platforms & Services is set to grow at more than 20% CAGR at constant exchange rate over the period, to reach €1 billion by 2017, contributing significantly to the global increase in the company profits and representing about half of the expected total revenue growth achieved over the duration of the plan.

Trust is increasingly becoming the crucial success ingredient for digital services that deliver a compelling user experience. Numerous service providers who enable new fundamental societal needs such as data exchanges, payments, enterprise access or citizen related are also actively turning to new delivery channels. Gemalto continues to successfully invest in building and managing the trust infrastructures that support these globally pervasive services, with a clear business positioning and software solutions that offer an unmatched combination of security, scalability and cost effectiveness.

Olivier Piou, CEO of Gemalto, said, “Gemalto is uniquely positioned in its markets, many of which remain essentially untapped, with a superior technology that protects and preserves the trust relationship between our customers and their clients. These past years, we have made important investments and our teams have gained unmatched experience in the major areas of opportunities, putting Gemalto clearly ahead of the competition. Our new plan addresses each of these areas, translating into diversified engines for growth and profit increase across our businesses. This next phase of the Company’s expansion will further strengthen its leadership and transformation, along our vision of enabling trust in the digital world. As we set out on another chapter in Gemalto’s story of success, we are particularly excited by this plan, and confident that its realization stands to once again benefit all our stakeholders.”