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Secure Transactions News

G&D 2009 sales: EUR 1.7 billion

Thursday 20 May 2010

The Banknote business unit accounts for more than half of the group sales. In 2009, this business unit generated sales of EUR 896 million, down only marginally from the previous year.

The Cards and Services business unit achieved sales of EUR 589 million, only around 3% short of the previous year's performance. The Payment division reaped the benefits of the continuing migration from magnetic stripe cards to the more sophisticated smart cards. Business in value-added SIM cards lagged behind expectations due to the difficult economic situation faced by the industry.

2009 saw a strong performance by the Government Solutions business unit. Sales increased by 15% to EUR 183 million on the back of a number of international projects. The division also profited from demand for improved identification methods offering higher levels of data protection.

The New Business division continued to perform well. The past fiscal year saw this division increase its sales by 27% to EUR 16 million as a result of new product launches.

Giesecke & Devrient now has an overall global workforce to 10,122, with 273 new jobs created last year. In research and development alone, staff numbers climbed above the 1,000 mark, meaning that one of every ten employees is now engaged in R&D.