Brussels - May 7, 2015 - During the first quarter, sales by the Goods ID Division grew again, supported by a strong order backlog. In particular our Swiss subsidiary began rolling out the mobile computing system for Swisspost. The Division continues its strategy of offering value-adding solutions based on its 6 solutions. These are attracting increasing numbers of customers in the retailing, transport and logistics sectors.
In People ID, as expected, the production of secure documents is increasing. Various long-term concession contracts are all contributing to this increase: in Belgium, Côte d'Ivoire, Gambia, Portugal and Israel. The African voter registration project teams were also busy on various projects, including preparing the electoral roll in Togo. As of 1 May, to support the country’s tourist industry, the Senegalese government has removed the requirement for biometric visas, and has therefore terminated Zetes' technical concession. The financial impact will be limited and management still expects the Division to post improved results compared with the first half of 2014.
In summary, business performance at the start of 2015 is in line with management expectations, both in the Goods ID division, where the growth impact of the 6 solutions strategy is being felt, and in the People ID division, which is performing well with a combination of long-term and shorter-term contracts. For the full year, Zetes confirms its guidance for 2015 with results expected to be higher than in 2014.
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