Flexible Electronics News

G&D Breaks Through €2 Billion Revenue Mark for the First Time

Free cash flow positive at €164.3 million and far above budget.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Giesecke & Devrient (G&D) was back on the road to success in fiscal 2015, surpassing the €2 billion sales mark for the first time in the company’s history. Overall, the G&D Group achieved strong growth of 9.7% last year, far exceeding its own expectations. All three business units – Banknote, Mobile Security, and Government Solutions – contributed to this growth.   Not including the 2014 provision for restructuring costs, the EBIT operating result increased by approximately €40 mil...

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