Flexible Electronics News

Giesecke+Devrient Continues to Grow

Highest revenue in the company’s history at approximately €2.1 billion, with EBIT up by more than 23%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

In fiscal year 2016, Giesecke+Devrient (G+D) posted the highest revenue in the company’s history. At approximately €2.1 billion, the figure was almost 4% above the prior year. The technology group’s adjusted earnings before interest and taxes (EBIT) increased by around 23% to €125 million, while the EBIT margin grew by 0.9% to 6%. Despite increased tax expense following the company’s reorganization, G+D achieved a strongly positive net income of €52.5 million in the fiscal year ending Dec. 31, 2...

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