Gemalto third quarter 2014 revenue Page 3 of 11
General information
For the period, revenue was up by +6% year-on-year at constant exchange rates to €626 million. Asia posted the fastest expansion at +18% driven by a strong performance in the Mobile segment and the payment-related activities. The Americas grew by +12% as the rollout of EMV payment cards started in the United States, while Europe slightly contracted, by (3%).
Platforms & Services activities posted sales of €130 million, or 21% of total Company revenue. This represents an increase of +16% compared to the third quarter of 2013 and was supported by further rapid expansion in Mobile Financial Services and in issuance services for financial institutions.
Third quarter 2014
Main segments
Main activities
Patents & Others
Ongoing operations (€ in millions) Total
Mobile
Payment & Identity
Embedded software & Products
Platforms & Services
Revenue 626
331
289
490
130
6
As a percentage of total revenue 100%
53%
46%
78%
21%
1%
The significant negative effects of currency movements observed during the first semester eased towards the end of the third quarter and the Company’s revenue expansion was hence only 100 basis points lower at historical exchange rates than at constant exchange rates.
For the first three quarters of 2014, total Company revenue increased to €1,759 million, up by +5% at constant exchange rates, with Payment & Identity up +10% and Mobile up +1%. The Patents & Others segment revenue was unchanged at €16 million.
First three quarters of 2014 (€ in millions, ongoing operations) 2014 revenue Year-on-year variation at constant exchange rates
2013 revenue
Mobile 917 +1%
937
Payment & Identity 826 +10%
772
Patents & Others 16 (3%)
16
Total 1,759 +5%
1,725
Revenue variations