Not including the 2014 provision for restructuring costs, the EBIT operating result increased by approximately €40 million to almost €102 million. G&D has overcome the decline in earnings it experienced in previous years.
Sales by business unit (in millions of euros) in 2015 were:
• Banknote: €919.8 (2014: €887.5
• Mobile Security: €863.3 (2014: €777.
• Government Solutions: €227.8 (2014: €167.8
• Total: €2,010.9 (2014: €1,833.1
“Giesecke & Devrient is back on the path to success. We have managed to make the most of our opportunities in a difficult environment and start making money again,” says Walter Schlebusch, chairman of the Management Board of Giesecke & Devrient GmbH. “The Group also fared well in the last fiscal year because we were able to consistently and successfully complete our restructuring project.”
Order levels are good for 2016. Incoming orders are a good 10% above revenue levels and have increased in comparison to the previous year. Overall, the company once again expects to achieve very positive EBIT in 2016, exceeding the figure for fiscal 2015.
“We are confident that Giesecke & Devrient will continue its success in 2016,” said Schlebusch. “Furthermore, the company is increasing its investment this year in a bid to retain its position as a force for innovation and technological excellence in the high-security sector.