It's been a challenging 12 months, but we remain confident about the future. De La Rue has delivered revenue and profit growth in a year of transition and progress for the company.
We are in a market place that demands more innovative and effective ways to protect against fraud and identity.
While our heritage in secure manufacturing and banknote printing remains crucial, our future is focused on building De La Rue into a more technology-led security solutions business.
The Group has achieved a reasonable performance and has continued its strategic progress in a year of transition. Our continued investment in R&D and sales in the past few years has started to bear fruit. Despite having fewer business lines, the Group’s turnover and intake of orders have been the strongest we have seen in five years. We are also making progress in diversifying our revenue, from providing banknotes into more digital and service oriented businesses. Here we have won several new contracts in Product Authentication & Traceability (PA&T), a business we expect to double revenues in the next three years.
Philip Rogerson - Chairman - De La Rue PLC
We design, manufacture and deliver banknotes to customers around the world.
We are the only vertically integrated producer of polymer substrate.
We create features that underpin the integrity of our currency, identity and authentication products.
We create and deliver passports and identity solutions for governments.
We create and deliver secure labels and track and trace solutions for governments and commercial customers.
If you have any questions, we would be happy to help.