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BRIEF-Gemalto first semester profit from ops 92.8 mln euros vs 171.7 mln euros
August 31, 2017 / 10:05 PM / 24 days ago

BRIEF-Gemalto first semester profit from ops 92.8 mln euros vs 171.7 mln euros

Aug 31 (Reuters) - Gemalto NV:

* First semester revenue of 1.39 billion euros, lower by 8 percent at constant exchange rates and 7 percent at historical exchange rates

* First semester profit from operations 92.8 million euros versus 171.7 million euros in first semester 2016

* In first semester booked 425 million euro goodwill impairment charge

* Removable sim business deteriorated faster than expected due to which first semester results were “disappointing”

* Expect to generate year-on-year stable revenue in second semester

* Expects second quarter double digit revenue decrease in payment in Americas and sim business to continue for second semester

* Estimates second semester profit from operations to be between 200 million euros and 230 million euros

* Expects FY profit from operations between 293 million euros and 323 million euros Source text for Eikon: Further company coverage:

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