G&D talks up turnaround - Mobile World Live

G&D talks up turnaround

12 APR 2016

German vendor Giesecke & Devrient said it was “back on the road to success in fiscal 2015”, as sales grew by 10 per cent to just over €2 billion.

All three of its business units reported growth, including mobile security which saw revenue lift by 11 per cent to €863 million.  Group net income was €54.5 million, compared to a loss of €73 million in 2014.

The company has had a number of redundancy rounds in the last three years, as it sought a turnaround. It also parted company with its CEO. Current CEO and chairman is Walter Schlebusch, who was appointed in June 2013. The company  employs 11,400 staff, a slight fall of less than one per cent from 2014.

The firm had a rosy forecast for 2016: “Incoming orders are a good 10 per cent above revenue levels and have increased in comparison to the previous year.”

Interestingly, somewhat buried within the outlook are plans to change the company into a holding company with legally independent operating business units. The aim is to improve efficiency, market access, speed and opportunity to utilise growth opportunities.


Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

Read more