De La Rue’s 2018 annual report shows that the company has had another year of significant progress against the company’s strategy to become a less capital intensive, more technology led business.
De La Rue remains the world’s leading currency printer and has seen growth in the polymer market over the last year. De La Rue now prints for 24 issuing authorities across 50 denominations, representing more than half of the world’s total polymer note issuers.
This year De La Rue has also completed the sale of the paper business with a ten year guaranteed supply agreement which reduces the Group’s exposure to the volatility of the paper market.
Other highlights include the success of DLR Analytics™ which following its launch in May 2017 now has 70 or nearly half of the world’s central banks signed up and R&D investment has increased by 13% year on year, with 33 patents filed and 46 patents granted, showing the pace of innovation.
De La Rue has also enhanced product offerings with two strategic partnerships – with Opalux for security features and with Optel for track and trace technology. There has also been significant growth in international identity and product authentication markets.
De La Rue has also made further progress on its commitment to being a responsible business through strategic technology innovations such as our Civil Registration and Vital Statistics solution to enable participation in society and our product authentication and traceability software to enable protection against counterfeit and illicit trade. De La Rue’s creative collaborations have also raised nearly £200,000 for the Together for Short Lives children’s charity in collaboration with Disney and the GREAT campaign.
Chairman Philip Rogerson, said:
“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.”
For more detail check out our brand new Annual Report 2018 page. Here you can find loads of at-a-glance information on where we've been this past year and where we're headed as we look to the future.
The full annual report can be found here.
More information:
Sinead Keller
Head of Media and PR, De La Rue
+44 (0)7584 155244
About De La Rue
De La Rue’s purpose is to enable every citizen to participate securely in the global economy. As a trusted partner of governments, central banks and commercial organisations, De La Rue provides products and services that underpin the integrity of trade, personal identity and the movement of goods. As the world’s largest designer and commercial printer of banknotes, De La Rue designs, manufactures and delivers banknotes, banknote substrates and security features to customers in a world where currency will continue to be a key part of the developing payments eco-system.
De La Rue is the only fully integrated supplier of both paper and polymer banknotes and creates security features that ensure banknotes are protected against counterfeiting. De La Rue is the world’s largest commercial printer of passports, delivering national and international identity tokens and software solutions for governments in a world that is increasingly focused on the importance of a legal and secure identity for every individual. De La Rue also creates and delivers secure product identifiers and ‘track and trace’ software for governments and commercial customers alike, to help to tackle the challenge of illicit or counterfeit goods and the collection of revenue and excise duties.
De La Rue is listed on the London Stock Exchange (LON-DLAR). For further information visit www.delarue.com