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Sales down 2 percent to 1.75 billion euros, but G&D starts 2014 with order intake around 20 percent higher
April 17, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
For Giesecke & Devrient (G&D), 2013 was a year of upheaval, with a Management Board reshuffle and other forward-looking strategic decisions. Sales were held almost steady, dropping 2% to €1.75 billion. The three business units – Banknote, Mobile Security, and Government Solutions – fell short of their sales and earning targets. Group earnings (EBIT) fell to €56.2 million in 2013 (FY 2012: €95 million). This includes restructuring costs in the Mobile Security business unit amounting t...
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