Giesecke & Devrient has reported strong growth in sales and earnings in its consolidated results for fiscal year 2007. The company's worldwide operations generated net sales of €1.55 billion, an increase of 20% year-on-year. Earnings before interest and tax grew at a higher rate than sales, increasing by 73% to €161 million. "Our business is growing-we have significantly improved our profitability-and our balance sheet is very solidly structured," says CEO Karsten Ottenberg. "With all of our business units positioned well in their respective markets, our strengthened innovation power and the increased efficiency of our internal processes, we have an excellent basis from which to achieve further strategic growth."
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