Oberthur reports strong second quarter sales
France-based Oberthur Technologies has reported 2008 second quarter sales of 217.2 million euros ($345.8 million U.S.), up 20% year-on-year at current rates. Organic growth reached 12.3% at constant rates versus 2007 second quarter results.
During the second quarter this year, the company’s Card Systems posted a sharp growth in sales, up 30% to 186.7 million euros ($297.2 million U.S.) for a 36% increase. This performance was boosted by the integration of XponCard, a Swedish company it acquired earlier this year.
Sales rose 13% at current rates and 20% at constant rates, to 162.9 million euros ($259.3 million U.S.). This reflects a combination of sustained demand in the SIM and ID markets in all regions of the world. Deliveries represented 149 million microprocessor cards, a 66% increase in volumes compared to second quarter 2007 returns.
Mobile sales came to 86 million euros ($139.9 million U.S.), a 45% increase. Excluding XPonCard, Oberthur’s mobile sales were up 28% to 76 million euros $120.9 million U.S.). In the SIM card sub-segment, volumes rose 76% over second quarter 2007 results and sales reached 70 million euros ($111.4 million U.S.). ![[end]](/resources/bullet/contactlessnews-4.gif)
