Record Results Even in a Challenging Year for G+D

Giesecke+Devrient has described 2022 as having a challenging business environment but one in which it has achieved strong results. The challenges have included rising energy, raw material and logistic costs, worldwide inflation, supply chain challenges, particularly for chips, and the impact of the war in Ukraine.

Sales of €2.53 billion were a 6.3% improvement of the previous year and ahead of the pre-pandemic levels of 2019 and the highest in the company’s history. Earnings before interest and tax (EBIT) increased slightly by 1.4% to €168.2 million – another record for the company. Net income fell back slightly to €80.6 million from 2021’s €85.2 million.

Expenditure on research and development increased by 12.1% to €132.7 million. Investments increased by €48.7 million to €175.8 million, funded from cash flow. G+D is committed to developing what it calls its Digital Twins to secure the business for the future.