OT Posts Strong Revenue Growth in First Half 2016

(BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announces it has posted strong business and financial performance across the board for the first half 2016:

• Group revenue at €546.5m, up 7.6% at constant rates driven by our FSI (Financial Services Institutions) and CAI (Citizen Access & Identity) businesses
• Gross Margin expansion year-on-year despite FX rate impact, +45bps (+189bps in Q2)
• Group EBITDA continues to increase to 15.4%, up 4.4% (+13.3% in Q2)

Didier Lamouche, CEO of OT, said: “Our first half performance was very solid with improved profitability. We were particularly pleased with our very strong revenue growth demonstrating that we continue to outperform the industry and to gain market share. We were also pleased with the resilience shown by our Telecom business. ...

Source : http://me-newswire.net//news/18650/en...