Gemalto revises 2017 financial outlook

Amsterdam, March 22, 2017 at 7:00am - Based on its latest revenue forecast, Gemalto (Euronext NL0000400653 - GTO) expects its revenue for first quarter to be lower by 7% to 9% at constant exchange rates compared to the same period of 2016. This is mainly due to lower than expected Payment business revenue in the United States.

The Gemalto Payment business revenue for the full year 2017 is estimated to be around €100 million lower than its initial expectation. This update primarily reflects a double digit decline in our assumption for the payment cards total available market in the United States due to EMV card inventory levels at our customers in the first semester. This situation also leads to a lower contribution from personalization services.

Looking ahead, taking into account the first quarter trend, Gemalto now expects its 2017 profit from operations outlook to be at a similar level to 2016. Gemalto is currently reviewing its action plan to minimize the impact.

The Company will provide further details when it publishes its first quarter revenue on April 28, 2017.

Investor Relations	Corporate Communication	Media Relations Agency
Winston Yeo	Isabelle Marand	Suzanne Bakker
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Sébastien Liagre  M.: [phone] [e-mail]

This press release contains inside information as referred to in article 7 paragraph 1 of Regulation (EU) 596/2014 (Market Abuse Regulation).

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

Our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.