* Eyes double-digit average annual revenue growth through
* Revenue from platforms and services to be at least 1 bln
(Adds comments on mobile unit growth, background)
By Nicola Leske
NEW YORK, Sept 5 French smart cards maker
Gemalto expects to double profit from operations over
the next five years and achieve double-digit average annual
revenue increases through 2017 by focusing on mobile, security
and network activities.
Gemalto Chief Executive Officer Olivier Piou told an
investor conference in New York that profit from operations
would reach 600 million euros ($787 million) in 2017 and revenue
from platforms and services would be at least 1 billion euros.
The maker of smart chips for mobile phones and bank payment
cards also said it plans to continue with bolt-on acquisitions
and promised its shareholders that its annual dividend would
remain stable or grow.
The company will benefit from growing demand for SIM cards,
especially in developing countries, but also products built
around machine-to-machine communications and its core services
that help secure infrastructure and manage networks, said
Philippe Vallee of Gemalto's telecoms unit.
Vallee, executive vice president of the unit, said the
company was also concentrating on telecoms operators upgrading
their networks to long-term evolution, which allows higher
speeds and faster mobile web services.
"We are watching two technology upgrades, long-term
evolution and security," he said.
Shares in Gemalto, which replaced struggling telecoms
equipment maker Alcatel-Lucent in France's CAC 40
index of top companies in December, closed down 0.7
percent at 86.26 euros on Thursday, giving the company a market
value of 7.6 billion euros.
The stock is up 48 percent in the last four months.
Gemalto was formed from a merger of Axalto Holding and
Gemplus International in June 2006.
($1 = 0.7623 euros)
(Editing by James Regan and Anthony Barker)