Munich, April 2, 2026 – Giesecke+Devrient (G+D), the Munich-based security technology and banknote manufacturer, has announced a record order intake of 3.6 billion euros in 2025, marking the highest in the company’s history. This represents an 8% increase from the previous year, as reported by CEO Ralf Wintergerst to the German Press Agency. While sales grew by 1.3% to almost 3.2 billion euros, net profit saw a slight decrease of just over 3% to 85 million euros due to a tax effect.
Global Crises Fuel Demand for Security and Cash
The company, founded in 1852, benefits significantly from global crises and uncertainties, which drive demand for both its traditional and high-tech security products. With 14,500 employees worldwide, G+D’s products are widely used, even if the company name itself is not always in the spotlight. Alongside Bundesdruckerei, G+D is one of only two German companies that print euro banknotes.
Wintergerst noted, “When uncertainty rises, many people resort to cash. In many countries, however, people do not rely on inflation-prone local currencies.” This trend has led to a strong demand for euros and dollars, contributing to G+D’s highest order backlog ever in the banknote sector in 2025.
High-Tech Security on the Rise
Beyond banknotes, G+D’s high-tech division is gaining increasing importance. The company produces security technology for government agencies and the telecommunications industry, as well as software for banks and insurance companies. This includes encryption and authentication software, chips for credit and debit cards, and SIM and eSIM cards for mobile phones.
“Our three business areas all performed equally well,” said Wintergerst. “Security technology is on the rise.” He specifically highlighted the strong growth in the digital security business, stating, “We have to prepare all products for the age of quantum computers.”
Quantum computers pose new challenges to existing encryption methods due to their superior computing power. “We need longer keys for that,” Wintergerst explained. “One question is whether these will still fit on the existing chips.”
Expansion in Financial Services and Optimistic Outlook
G+D plans to expand its activities as a service provider for the financial industry. In December, the company acquired the payment technology and banking services division from a subsidiary of the Association of German Banks. “We will not become a payment service provider, but we offer solutions for the authentication of payment transactions, for example,” Wintergerst clarified.
Despite the global trend of declining cash usage in payment transactions, the amount of cash in circulation has increased in recent years, according to Bundesbank figures. This indicates that many people are keeping cash at home or in bank safe deposit boxes as a safeguard.
Thanks to its substantial order backlog, G+D’s management is optimistic about the current year. “We expect further sales growth,” Wintergerst stated, anticipating continued positive performance for the non-listed company.
Source: abendzeitung-muenchen.de
