Giesecke+Devrient at a Glance

Giesecke+Devrient Group

EUR million
Capital expenditure108.094.913.8%
Research and development113.3125.7–9.9%
EBITDA (adjusted)222.1234.4–5.2%
EBIT (adjusted)119.5129.8–7.9%
Net income50.267.0–25.1%
Employees as of December 3111,38911,600–1.8%

Sales by Subgroup

EUR million

Company Structure



Head office


Number of employees


in EUR million

Currency Technology

Head office: Munich
Core expertise: Solutions for the entire banknote lifecycle

Mobile Security

Head office: Munich
Core expertise: Solutions for secure and convenient digital mobility

60 %

Head office: Berlin
Core expertise: Solutions for identity management and verification

79.43 %

Head office: Essen
Core expertise: Solutions for reliable, high-quality IT security


CEO, secunet Security Networks

Dr. Rainer Baumgart has been Chairman of the Management Board of secunet Security Networks AG since 2001. With its powerful products and advanced IT security solutions, secunet is a leading German provider of high-end IT security.

CEO, G+D Currency Technology

Dr. Wolfram Seidemann has been CEO of Giesecke+Devrient Currency Technology since 2016. G+D Currency Technology is the market leader for solutions and services relating to banknotes and banknote processing systems. As a partner to central banks and the currency industry, G+D Currency Technology delivers comprehensive expertise and innovative technologies that increase the efficiency of the cash cycle.

Group CFO, Giesecke+Devrient 

Dr. Peter Zattler has been a member of the Giesecke+Devrient Management Board since 2001. As Chief Financial Officer, he oversees Controlling, Treasury, Accounting, and Tax. He is also responsible for Data Protection and Human Resources.  

Group CEO, Giesecke+Devrient

Ralf Wintergerst has been Chairman of the Management Board of Giesecke+Devrient since 2016. He is responsible for overseeing various central services, comprising Information Systems, Corporate Security, Compliance Management and Auditing, Mergers & Acquisitions, Corporate Communications, Corporate Strategy and Development, Legal, and Corporate Governance. In addition to his role at G+D, Ralf Wintergerst is Chairman of the Supervisory Board of secunet.

CEO, G+D Mobile Security

Carsten Ahrens has been CEO of Giesecke+Devrient Mobile Security since 2017.G+D Mobile Security is a leading global provider of solutions for electronic and mobile payment and for connectivity, both of mobile applications and within the Internet of Things. It delivers products, solutions, and services that help its customers implement their digital transformation strategies reliably and securely.

CEO, Veridos

Hans Wolfgang Kunz heads up Veridos GmbH, a joint venture between G+D and Bundesdruckerei. Veridos provides governments with customized end-to-end solutions for international ID, passport, and border control systems.

Supervisory Board Report

Ladies and Gentlemen:

During the 2018 fiscal year, the Supervisory Board of Giesecke+Devrient GmbH performed all its duties as stipulated by legal provisions and the Articles of Incorporation. The Supervisory Board duly monitored the Management Board and discussed issues of note with its members.

At meetings of the Supervisory Board, the Management Board provided regular, comprehensive information about the situation of the company and the Group as a whole. The Supervisory Board additionally received updates on G+D’s performance and finances in the form of quarterly reports. Outside the scheduled meetings, the Chairman of the Supervisory Board was also in regular contact with the Management Board and was kept informed of current issues.

Based on detailed reports from the Management Board, the Supervisory Board held three scheduled meetings to review the company’s economic situation, including major investment decisions and technology projects. The Supervisory Board also considered the risk report and the Group’s risk management system at all of the meetings.

At the April meeting, the Supervisory Board considered the changes to corporate governance required by the new Group structure. This included the risk management system, compliance management system, internal control system, and internal auditing. The mission and establishment of the new Giesecke+Devrient Ventures GmbH were also discussed and the signing of a profit and loss transfer agreement between the new company and Giesecke+Devrient GmbH was approved.

At the July meeting, the Supervisory Board dealt with restructuring measures at the Currency Technology subgroup, various major projects at Veridos, and the promissory note loan taken out by Giesecke+Devrient GmbH. At this meeting, the Supervisory Board also approved the establishment of Giesecke+Devrient Immobilien Management GmbH and the profit and loss transfer agreement between this new company and Giesecke+Devrient GmbH.

At the December meeting, the Supervisory Board reviewed the operational plans for 2019.

The Supervisory Board duly received the annual financial statements and management report of Giesecke+Devrient GmbH for the period ending December 31, 2018, prepared in accordance with the German Commercial Code (HGB), and the consolidated financial statements and Group management report for the period ending December 31, 2018, prepared in accordance with IFRS, along with the auditor’s report. 

The annual and consolidated financial statements were examined by the auditor, KPMG AG, which issued an unqualified audit opinion.

The auditor attended the meeting of the Supervisory Board on April 9, 2019, at which the financial statements were discussed. In the course of this meeting, the auditor reported on the main findings of the audit, on the compliance management system for the Mobile Security and Veridos sectors, and on the internal control system in relation to the financial reporting process, as well as answering questions from the Supervisory Board. The Supervisory Board accepted KPMG AG’s audit opinion on both sets of financial statements.

The Supervisory Board concluded its review with no objections raised. It approved the annual and consolidated financial statements, including the corresponding management reports, at its meeting on April 9, 2019.

Supervisory Board member Monika Wächter stepped down as of December 31, 2018, for health reasons. Ms. Wächter was replaced on the Supervisory Board by Petra Ammann.

The Supervisory Board would like to thank Ms. Wächter for her dedicated work as a Supervisory Board member over the years. The Supervisory Board also wishes to thank the Management Board, all employees, and the Works Councils of the G+D Group for their efforts and high degree of personal commitment during fiscal 2018.

Prof. Klaus Josef Lutz
Chairman of the Supervisory Board


Munich, April 2019

Prof. Klaus Josef Lutz
Chairman of the Supervisory Board