* 2012 profit from ops 305 mln euros, up 26 pct
* Says expects 'double-digit' growth in 2013 revenue
* Shares slip 0.2 percent
(Adds detail and background, share price reaction)
March 14 French smart card maker Gemalto
is forecasting double-digit sales growth this year,
helped by strong demand for its services and products in the
United States and Asia, after posting record sales in 2012.
Paris-listed Gemalto, which makes smart chips for mobile
phones and bank payment cards, said sales last year were up 9
percent at 2.24 billion euros ($2.90 billion) driven by its
mobile business which accounts for close to half its sales and
its smaller Security unit, which makes embedded software for
electronic documents such as passports.
Profit from operations rose 26 percent to 305 million euros
($395 million) but was affected by a 9.8 million-euro operating
loss in the company's patents unit due to the costs of a
continuing U.S. legal battle with Google concerning
Google's Android mobile software.
The result beat Gemalto's own forecast of 300 million euros,
a target which had been brought forward to 2012 from 2013 and it
raised the dividend payout to 0.34 euros a share from 0.31 euros
Shares in Gemalto, now a constituent of the Paris market's
blue chip index, were up 0.8 percent at 72.74 euros by
The company has been diversifying into fast-growing fields
such as mobile payment technologies and the management of
sensitive data, away from its once core business of making SIM
cards for mobiles.
Its mobile unit, which is its most profitable business, has
also benefited from the move to 4G mobile broadband networks
where more complicated chip cards are required.
Meanwhile the secure transactions business has been helped
by the worldwide move to EMV-standard chip technology for credit
and debit payment cards as well as fast-growing contactless NFC
technologies, which allow smartphone users to make contactless
Last year, the U.S represented 12 percent of the company's
sales, up from 8 percent in 2011, Chief Executive Olivier Piou
told a conference call, while Asia will be another growth driver
in 2013 for the company, whose headquarters are in Amsterdam.
"Gemalto is very international, we operate in almost every
country of the world and are capable of grabbing growth where it
happens," Piou said, adding this helped offset a more mediocre
performance in Western Europe affected by the economic crisis.
He said the company will present its next strategic plan
during the second half of 2013.
(Reporting by Alice Cannet in Paris and Himank Sharma in
Bangalore; Editing by Chris Gallagher and Greg Mahlich)