ג'מלטו תוצאות רבעון שלישי לשנת 2017

• Third quarter revenue at €751 million,up +3.4% at constant exchange rates
• Revenue growth acceleration inGovernment Programs, Machine-to-Machine and Enterprise
• SIM and Payment revenue decreasein line with Company's expectations
• Second semester revenue andprofit from operations outlook confirmed

Amsterdam, October 27, 2017, GLOBE NEWSWIRE:

Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its revenue for the third quarter of 2017.

Philippe Vallée, Chief Executive Officer, commented: "Gemalto posted revenue growth in the third quarter of 2017. The integration of the recently acquired Identity Management Business is progressing well, and contributed to the strong performance of Government Programs. Machine-to-Machine also grew double-digits and the Data Protection business line posted a sharp increase in Enterprise. On the other hand, the SIM market remains under pressure and US EMV continues its slow normalization process. We remain fully focused on delivering on our outlook in the fourth quarter.

Throughout the year we have progressively evolved our organization in order to better accompany our customers in their digital transformation and align the Company's resources with its long term vision which will be shared at our Strategy Day in March 2018. The plan will take the full measure of the changes in our historical markets and will focus on leveraging our unique set of core technologies."

These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with IFRS.

In the adjusted income statement, Operating Expenses are defined as the sum of Research and Engineering expenses, Sales and Marketing expenses, General and Administrative expenses, and Other income (expense) net.

EBITDA is defined as PFO plus depreciation and amortization expenses, excluding the above amortization and impairment of intangibles resulting from acquisitions.

Net debt and net cash

Net debt is a non IFRS measure defined as total borrowings net of cash and cash equivalents. Net cash is a non IFRS measure defined as cash and cash equivalents net of total borrowings.

All figures presented in this press release are unaudited.

General information

Third quarter 2017 total revenue came in at €751 million, up 3% at constant exchange rates and stable at historical exchange rates.

The Payment & Identity segment revenue grew +7%, at €481 million. This segment represented 64% of the total Company revenue this quarter. The Mobile segment decreased by (2%) at €269 million.

The Platforms & Services activity posted revenue of €257 million, up +15% year-on-year driven by growth in eGovernment services, Enterprise cybersecurity solutions and Mobile Platforms & Services. Platforms & Services activity represented 34% of the total Company revenue.

Embedded software & Products revenue came in at €493 million, (2%) lower compared to the same period of last year. The lower sales of banking cards to financial institutions in the US and removable SIMs were partially offset by growing deliveries of e-documents to Governments and wireless modules for the Internet of Things.

Revenue variations by region, at constant and historical exchange rates, are presented in Appendix.

Segment information

Payment & Identity

Mobile

The Mobile segment posted revenue of €269 million this quarter, (2%) lower compared to the same period of last year.

Embedded software & Products revenue for the segment came in at €217 million. The Machine-to-Machine business grew by +12% to €88 million. This long term dynamic is driven by increasing demand for connectivity in the Internet of Things (IoT) for uses in automotive, asset tracking, healthcare solutions and smart meters. SIM sales were lower by (12%) at €129 million, in line with expectations for the second semester. The SIM market was under strong pressure in this quarter and is expected to remain so as mobile network operators continue to focus their investments on next generation connectivity.

Platforms & Services revenue for the segment came in at €52 million this quarter, up +3% year-on-year. During the quarter, Gemalto continued to actively participate to the development of embedded SIMs (eSIMs) and its remote provisioning ecosystem as endorsed by the GSMA, resulting in new references with connected device makers and mobile network operators such as those recently announced with Telefónica and Lenovo.

Patents & Others

Patents & Others revenue was €1.3 million this quarter versus €0.7 million during the same period in 2016.

Outlook

Gemalto confirms its 2017 second semester expectations of a stable revenue year-on-year leading to profit from operations of between €200 million and €230 million including the acquired Identity Management Business. As a result, profit from operations for the full year is expected to be between €293 million and €323 million.

Additional information

Below is a highlight of new contracts and achievements published by the Company in the third quarter of 2017

Live Audio Webcast and Conference call

Gemalto third quarter 2017 revenue presentation will be webcast in English today at 3:00 PM Amsterdam and Paris time (2:00 PM London time and 9:00 AM New York time).

Audio webcast

A listen-only live audio webcast of the presentation and the Q&A session will be accessible here on our Investor Relations website via the link below:

Gemalto webcast

This webcast is compatible with Android and iOS terminals, including iPads. Questions will be taken by way of conference call.

Conference call

Investors and financial analysts wishing to ask questions should join the presentation by dialing:

(UK) +44 207 194 3759    or    (US) +1 844 286 0643    or    (FR) +33 1 7272 7403

PIN: 52461655#

The accompanying presentation slide set that will be used during the conference call is available on Gemalto investor relations web site.

Replays of the presentation and Q&A session will be available in webcast format on our Investor Relations web site approximately 3 hours after the conclusion of the presentation. Replays will be available for one year.

Calendar

The full year 2017 earnings will be reported on Friday March 2, 2018, before the opening of Euronext Amsterdam.

The Capital Markets Day will be held on March 13, 2018 in New York.

Stock Exchange Listing

Gemalto N.V. is dual listed on Euronext Amsterdam and Paris, in the compartment A (Large Caps).

Gemalto has also established a sponsored Level I American Depository Receipt (ADR) Program in the United States since November 2009. Each Gemalto ordinary share is represented by two ADRs. Gemalto's ADRs trade in U.S. dollar and give access to the voting rights and to the dividends attached to the underlying Gemalto shares. The dividends are paid to investors in U.S. dollar, after being converted into U.S. dollar by the depository bank at the prevailing rate.

This press release contains inside information as referred to in article 7 paragraph 1 of Regulation (EU) 596/2014 (Market Abuse Regulation).

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

For more information visit
www.gemalto.com, or follow @gemalto on Twitter.

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Appendix

Revenue by region

Attachments:

http://www.globenewswire.com/NewsRoom/AttachmentNg/3f3bdae0-478c-43fe-bde3-11dd2f6a970e

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לפרטים נוספים: נוי תקשורת 03-6026026 זהר 052-2641769