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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Gemalto    GTO   NL0000400653

GEMALTO

(GTO)
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Delayed Quote. Delayed Euronext Amsterdam - 04/18 11:39:04 am
51.2 EUR   +0.10%
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Gemalto : VIVA Bahrain delivers a simpler connectivity experience with Gemalto's eSIM management solution

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03/17/2019 | 01:19am EDT

Dubai, 17 March 2019 - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security, has partnered with VIVA Bahrain, the Kingdom's telecom provider leaders, to supply them with a remote subscription management platform that enables customers to instantly activate a mobile connection for devices fitted with an eSIM. They will then be able to manage their mobile subscription throughout the product lifecycle, without ever needing to physically change a SIM card.

In contrast to a conventional removable SIM, an eSIM is embedded in the device during manufacturing. As a result, it saves space, reduces weight, and makes it far easier for OEMs to supply users with innovative connected devices wherever they are. In particular, eSIM adoption is helping to fuel dramatic growth in the IoT (Internet of Things), supporting the development of exciting consumer products such as smartwatches, connected PCs and compelling concepts that include the connected car and smart home. In the wearables market alone, Frost and Sullivan predicts shipments in the Middle East and North Africa will reach 200 million units in 2020, up from 90 million in 2016.

Gemalto's eSIM management platform provides VIVA Bahrain with seamless access to a cloud-based on-demand connectivity service that is fully compliant with the latest GSMA specifications. Customers will enjoy the best possible connected experience with eSIM-enabled devices, from the moment they are switched on for the first time.

'We continue to adopt innovative and latest trends in technology to enhance our customers experiences,' said Karim Tabbouche, Chief Commercial Officer for VIVA Bahrain. 'The adoption of Gemalto's eSIM remote subscription management platform represents the latest stage of this on-going strategy, and builds on our already successful partnership.'

'With billions of machines and people now requiring round-the-clock connectivity, remote subscription management is key to an enhanced user experience,' said Sherry Zameer, SVP for IoT in CISMEA at Gemalto. 'With the deployment of Gemalto's proven solution, Viva Bahrain is reinforcing its position at the forefront of the industrial and consumer IoT market.'

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2018 annual revenues of €3 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, 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.

Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000 employees operate out of 110 offices, 47 personalization and data centers, and 35 research and software development centers located in 47 countries.

For more information visit www.gemalto.com, or follow @gemalto on Twitter.​

​​​​​​Gemalto media contacts:

​Find Gemalto's Media Contacts in your region.

Disclaimer

Gemalto NV published this content on 17 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 March 2019 06:18:03 UTC

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Financials (€)
Sales 2019 3 055 M
EBIT 2019 346 M
Net income 2019 157 M
Debt 2019 286 M
Yield 2019 -
P/E ratio 2019 31,60
P/E ratio 2020 23,93
EV / Sales 2019 1,66x
EV / Sales 2020 1,53x
Capitalization 4 780 M
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Technical analysis trends GEMALTO
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TrendsNeutralBullishBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 1
Average target price 50,0 €
Spread / Average Target -2,3%
EPS Revisions
Managers
NameTitle
Philippe Vallée Chief Executive Officer & Executive Director
Alexander J. Mandl Non-Executive Chairman
Emmanuel Jean-Jose Unguran Executive Vice President-Central Operations
Virginie Dupérat-Vergne Chief Financial Officer
Serge Barbe Chief Technology Officer
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