For the first quarter of this year, Goods ID Division posted very similar results to Q1 2015. These were obtained in the absence of a rollout like that of the first - and second - quarter 2015 in Switzerland. The lower sales figure is offset by a significantly improved gross margin percentage, reflecting a higher proportion of software and services sales. Once again the postal services and transport sectors are the division's mainstays, confirming the attractiveness of its solutions and helping keep margins healthy. This should allow the division to post a half-year performance in line with expectations.
In People ID, secure document production remains at a high level; with the various long-term concession agreements in Belgium, Ivory Coast, Gambia, Portugal and Israel all contributing to the good performance. Business development remains very active in the EMEA region and is gradually developing in Central and South America. Management continues to anticipate first half 2016 results for the division in line with those of the first half of 2015.
In summary, business is in good shape at the start of 2016. First half performance is expected to be slightly down on H1 2015, which was particularly strong owing to the Swiss rollout. Zetes confirms its earnings guidance for 2016 as a whole, that is a performance in line with 2015, with the second half better than the first.
Zetes is an international corporation specialising in the provision of identification and mobility solutions. By using the latest technologies, Zetes enables its customers improve the speed and quality of their process execution and increase data accuracy, which in turn helps them to remain at the forefront of their industries. That's what makes Zetes both a pioneer and a market leader at the same time.
The Zetes Group is based in Brussels and has more than 1100 employees in 21 countries across EMEA. In 2015, its turnover was €258.2 million. More information: www.zetes.com