Reuters logo
Digital security group Gemalto issues fourth profit warning since October
July 21, 2017 / 7:22 PM / in 4 months

Digital security group Gemalto issues fourth profit warning since October

July 21 (Reuters) - Dutch digital security company Gemalto issued its fourth profit warning since October on Thursday, citing continued weakness in its SIM-card and U.S. payments operations.

The company said it expects profit from operations for the second half of 2017 to be between 200 million euros ($233.5 million)and 230 million euros.

In April the company forecast second-half profit from operations of between 300 million euros and 350 million euros.

Gemalto also said it expects to book a first-half non-cash goodwill impairment charge of about 420 million euros because of weakness in its SIM business. ($1 = 0.8566 euros) (Reporting by Alan Charlish; Editing by David Goodman)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below