G+D Reports Strong 2020 Despite the Pandemic

Giesecke+Devrient, like so many other companies, has faced considerable challenges over the past year. But through effective cost management and by increasing the margins in its business, it was able to boost its operating result for 2020 by 13% to €153 million on revenue of €2.3 billion, which was only slightly down (-5%) on last year. The net profit for the year was €43 million.

The company also reported incoming orders totalling €2.4 million, a 6% growth compared with 2019, which it attributed to the growing demand for its security-related products and solutions and its business portfolio being system-relevant in many areas and in strong demand worldwide. The order backlog at year end was €1.6 billion, compared with the previous year’s high level of €1.5 billion.