Our Purpose
Our Purpose

We want to enable every citizen to participate in the global economy.

We live in a world that is crying out for trust and integrity to help make it a more secure place to live and work.

We work closely with governments, central banks and commercial organisations in over 140 countries around the word.

We invest in innovation, developing new advanced security products, software solutions and other specialist services that underpin the integrity of trade, personal identity and the movement of goods and services.

Introduction from the Chairman
Introduction from the Chairman

Continuing the good momentum.

We made good progress against the strategic plan outlined in May 2015 to transform the Group into a less capital intensive, more technology led business. The sale of the paper business was a significant milestone towards achieving this goal. The strong focus on R&D and product management in the last three years has also strengthened the Group’s product portfolio and ensured a strong pipeline that will drive sustainable growth in the future.

Philip Rogerson - Chairman - De La Rue PLC

Financial Highlights
Financial Highlights

A 7% increase in group revenue and growth across all three segments.

2017: £461.7m
Divident per share
2017: 25.0p
Adjusted EBITDA
2017: £97.4m
Reported EBITDA
2017: £96.0m
Adjusted operating profit
2017: £70.7m
Reported operating profit
2017: £70.2m
Adjusted basic earnings per share
2017: 47.1p
Reported basic earnings per share from continuing operations
2017: 47.2p
At a Glance
At a Glance

We have three key areas of focus. Currency, identity solutions and product authentication.

Revenue £M
Adjusted operating profit £M
Banknote print

We design, manufacture and deliver banknotes to customers around the world.

7.3bn notes
Banknotes sold in 2017/18
(2016/17: 7.1bn notes)

We are the only vertically integrated producer of polymer substrate and banknotes.

810 tonnes
Polymer substrate sold in 2017/18
(2016/17: 380 tonnes)
Security Features

We create features that underpin the integrity of our currency, identity and security label products.

1.6m kms
Security threads sold in 2017/18
(2016/17: 1.2m kms)
Identity Solutions

We create and deliver passports and identity solutions for governments.

Passports sold in 2017/18
(2016/17: 13.7m)
Product Authentication
Security Labels

We create and deliver secure labels and track and trace solutions for governments and commercial customers.

Security labels sold in 2017/18
(2016/17: 1.7bn)

We have made good progress against our strategic objectives.

Martin Sutherland | Chief Executive Officer

Our Global Footprint
Our Global Footprint

We work with governments, central banks and commercial organisations in over 140 countries.

Manufacturing facility and Regional office
Direct sales representative

We are number one in banknote and passport markets by volume.
158 years
Our longest customer relationship (with Mauritius) is 158 years.
We designed a third of the world’s total banknote denominations in circulation in 2017.
40 countries
We produce passports for 40 different countries.

Revenue by region %
Employees by region %
Industry Insights
Industry Insights

De La Rue's role in the world economy.

Martin Sutherland, CEO
The future of cash
Selva Selvaratnam, CTO
Innovating a secure world
Richard Hird, CCO
Our approach to partnerships
Ed Peppiatt, General Counsel
The importance of being a responsible business
Jo Easton, Director of HR and Richard Hird, CCO
Our commitment to inclusion and diversity
Case Studies
Case Studies

The resources and relationships we rely on to provide solutions to our customers’ challenges.

We have selected some case studies which provide an insight into the way we do business, arranged around five core themes: Governance, People, Environmental, Innovation and Operational. These demonstrate De La Rue’s progress against specific objectives.


Enabling participation through identity programmes
Award winning DLR Analytics™ – suporting Central Banks
Tracking the supply chain, from manufacturer to consumer


Delivering a supportive and transparent working environment for our people
De La Rue’s Limited Edition Star Wars banknotes raises charitable funds
Valuing and respecting our people drives De La Rue’s success
Ensuring good working conditions for our Malta employees


How we are saving energy at our Gateshead factory
Measuring the environmental footprint of the new Bank of England banknotes


Innovation and how it keeps us ahead of the counterfeiter
Technical collaboration to enhance our security features portfolio
Responsible business collaboration with the Bank of England


The value of strong and effective partner relationships
Stable and flexible operations mean manufacturing excellence
De La Rue PLC

Annual Report 2018

A more secure world.