Gemalto raises 2017 profit target after 10% growth in 2014

Thursday 5 March 2015 | 09:59 CET | News
Gemalto raised its target for 2017 operating profit after reporting a strong finish to 2014 and completing its acquisition of SafeNet. The company now expects profit from operations of over EUR 660 million in 2017, compared to an earlier target of EUR 600 million. In 2014, the figure rose 10 percent to EUR 383 million, and the margin was up by 1 percent point to 15.5 percent, both a record for the company. The acquisition of SafeNet was completed in early January 2015, and the company reported pro forma revenue of EUR 292 million and operating profit of EUR 44 million for SafeNet in 2014.

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Categories: Mobile & Wireless
Companies: Gemalto / SafeNet
Countries: World
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