OT (Oberthur Technologies) has announced its results for the first half of 2016.The group's consolidated revenue increased by 40.4 million euros (7.6%) to 573.0 million euros for the first half 2016 (at 2015 FX rates) compared with the first half of 2015, excluding a negative foreign exchange impact of 26.6 million euros. The increase was driven primarily by a 21.1 million euros (6.6%) increase in the revenue of its Financial Services Institutions segment to 340.9 million euros and, to a lesser extent, by a 15.5 million euros (18.3%) increase in the revenue of its Connected Devices and Identity Markets (CD&IM) division. Revenue in the Mobile Network Operators (MNO) segment increased by 3.8 million euros (3.0%) to 132.1 million euros.Revenue from its Citizen Access and Identity (CAI) business came in at 59.8 million euros, a 12% organic growth excluding one-offs with Europe remaining solid and the delivery of the Mali passport contract well in-line."Our first-half performance was very solid with improved profitability," says Didier Lamouche, CEO of OT. "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. We won contracts notably in the areas of Mobile Payment, Internet of Things and Identity, proving that the increase in our R&D investments was well targeted. After our change in dimension in 2015, we are well adapted to address future market challenges and opportunities."

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