Gemalto: sharp fall in H1 income.
(CercleFinance.com) - Gemalto has published H1 2017 adjusted net income of 39 million euros, meaning adjusted EPS (after dilution) of 0.
44 euro, against 1.19 euro in H1 2016.
Again in adjusted terms, income from operations amounted to 92.8 million euros, meaning a 4.8 point fall in its corresponding margin to 6.7%, on sales of 1,393 million euros, which were down by 7% (-8% at constant exchange rates).
Philippe Vallée, CEO of the digital security group, explained that income from removable SIM cards has fallen more quickly than expected. As a result, over the first half the company's results were disappointing", explained.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
44 euro, against 1.19 euro in H1 2016.
Again in adjusted terms, income from operations amounted to 92.8 million euros, meaning a 4.8 point fall in its corresponding margin to 6.7%, on sales of 1,393 million euros, which were down by 7% (-8% at constant exchange rates).
Philippe Vallée, CEO of the digital security group, explained that income from removable SIM cards has fallen more quickly than expected. As a result, over the first half the company's results were disappointing", explained.
Copyright (c) 2017 CercleFinance.com. All rights reserved.