Record Year for G+D

Giesecke+Devrient (G+D) has announced that it achieved the strongest growth in its history in 2023, setting new records for sales, growth and earnings in line with its strategy as a leading global secure technology company to help to shape the digital transformation of society.

The company generated revenues of €3 billion, 18% higher than in 2022. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 17% to €347 million. Annual net income increased by 14% to €92 million.

G+D is now divided into three segments, or pillars – Digital Security, Financial Platforms and Currency Technology. According to the company, its future-proof portfolio proved a strong driver for growth, with revenue split more or less equally between the three.

Whilst specific figures for the different segments haven’t been provided, in 2022 the Currency Technology business generated sales of just over €1 billion, much the same as in 2023, implying that growth has come from its digital security activities.