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Gemalto NV's (GTOFF) CEO Philippe Vallée on Q4 2017 Results - Earnings Call Transcript

Mar. 04, 2018 12:01 AM ETPT GoTo Gojek Tokopedia Tbk (GTOFF)
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Gemalto NV (OTCPK:GTOFF) Q4 2017 Earnings Conference Call March 2, 2018 7:30 PM ET


Philippe Vallée - Chief Executive Officer and Executive Board member

Virginie Dupérat-Vergne - Chief Financial Officer


Francois-Xavier Bouvignies - UBS

Stéphane Houri - Natixis

Sébastien Sztabowicz - Kepler Chevreux

Alexandre Faure - Exane BNP Paribas

Achal Sultania - Credit Suisse

Philip Buller - Barclays Capital

Philippe Vallée

Thank you, Laurent. Good afternoon and welcome to our Full-Year 2017 Earnings Call. I’m Philippe Vallée the CEO of Gemalto. And today, I’m with Virginie Dupérat-Vergne, our CFO; and Jean-Claude Deturche and Sebastien Liagre, our Investor Relations team. Together, we will commenting – we’ll be commenting the presentation that you can download from our website. We will begin the key elements – with the key elements of the release, and then we will take your questions. So after having carefully read the information on Page 2 and Page 3, I invite you to go to Page 5 to the highlights of 2017.

So on Slide 5. In 2017, Gemalto recorded revenue of €3 billion with over €1 billion in Platforms & Services. In the second semester, the company finished on a stronger note, growing by plus 1%, with solid contribution from Enterprise, Machine-to-Machine and Government Programs. In line with our expectations, the company’s profit from operations settled at €310 million, with savings of €15 million being recorded as part of our transition plan.

As you know, 2017 was also marked by our joint announcement with Thales to create a leader in digital security, bringing together Gemalto with Thales digital assets as a new Global Business Unit within Thales. In the second part of the presentation, I will comment in more detail our strategy and how this combination will help us accelerate its implementation.

I will now hand

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