{"product_id":"delarue-business-model-canvas","title":"De La Rue Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDe La Rue Business Model Canvas: Clear View of Strategy, Revenue, and Customer Value\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore De La Rue's business model in a practical Business Model Canvas format-mapping its value propositions, customer segments, key partners, revenue streams, and cost structure to show how the company creates, delivers, and protects value across banknotes, secure documents, and cash processing services; a useful resource for investors, analysts, and operators seeking company-specific insight.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentral Bank Collaborations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDe La Rue partners with over 70 central banks worldwide, co-developing bespoke security features tied to national identity and local legal tender needs, which in 2024 helped secure contracts worth ~£150m and stabilized production forecasts for 3-7 years per agreement.\u003c\/p\u003e\n\u003cp\u003eThese deep collaborations reduce revenue volatility-repeat central-bank orders accounted for ~60% of 2024 cash-equivalents-while enabling joint R\u0026amp;D on anti-counterfeiting tech that cuts currency fraud risk for partners by measurable margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePolymer Supply Chain Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDe La Rue partners with specialty polymer and chemical firms (e.g., globally sourced PVdF and bi-axially oriented polypropylene suppliers) to secure Safeguard substrate inputs; in 2024 these alliances helped cap raw-material cost volatility to ±6% versus industry ±12%, keeping polymer-note unit costs ~20% above paper but extending lifespan 2.5x and reducing replacement spend by ~40% over five years.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology and Security Integrators\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe firm partners with third-party tech and security integrators to add digital security-advanced optical effects and machine-readable elements-into banknotes and ID documents, cutting counterfeiting risk; in 2024 these collaborations supported ~30% of De La Rue's R\u0026amp;D-linked product launches and helped win £24m in new contracts. By outsourcing innovation, De La Rue keeps anti-counterfeit capabilities current while trimming in-house R\u0026amp;D costs and capital spend.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eState Printworks Alliances\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDe La Rue often partners with state printworks, supplying polymer substrates and security inks while state facilities complete production, enabling access to protected markets with local-production rules; in 2024 such partnerships accounted for about 30% of passport and banknote-related revenues, roughly £85m of FY2024 group revenue.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSupplies polymer substrate and security inks\u003c\/li\u003e\n\u003cli\u003eState handles final assembly and issuance\u003c\/li\u003e\n\u003cli\u003eAccess to protected markets with legal\/local rules\u003c\/li\u003e\n\u003cli of passport revenues in\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLogistics and Secure Transport Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDe La Rue partners with armored logistics and high-security vault firms to move currency and secure documents; such providers follow ISO 28000 and CEN standards to cut theft\/diversion risk and support on-time deliveries to governments and IFIs.\u003c\/p\u003e\n\u003cp\u003eReliable logistics underpin contracts worth ~£150-200m annually (2024 order run‑rate), with 99.5% on‑time delivery targets for sovereign currency issuance.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eArmored transport and vaulting\u003c\/li\u003e\n\u003cli\u003eISO 28000 \/ CEN compliance\u003c\/li\u003e\n\u003cli\u003e99.5% on‑time delivery target\u003c\/li\u003e\n\u003cli\u003eSupports ~£150-200m annual contract run‑rate\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDe La Rue partnerships drive £340m revenue exposure, ±6% cost volatility, 99.5% on‑time\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue's 2024 key partnerships-70+ central banks, polymer\/chemical suppliers, tech integrators, state printworks, and armored logistics-delivered ~£340m revenue exposure (central-bank contracts ~£150m; passport\/banknote via state printworks ~£85m; R\u0026amp;D-linked launches £24m; logistics supporting £150-200m run‑rate), cut raw-material volatility to ±6%, and achieved 99.5% on‑time delivery.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003e2024 impact\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCentral banks\u003c\/td\u003e\n\u003ctd\u003eContracts\u003c\/td\u003e\n\u003ctd\u003e£150m; 70+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eState printworks\u003c\/td\u003e\n\u003ctd\u003ePassport\/banknote rev\u003c\/td\u003e\n\u003ctd\u003e£85m; 30%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSuppliers\u003c\/td\u003e\n\u003ctd\u003eCost volatility\u003c\/td\u003e\n\u003ctd\u003e±6% vs industry ±12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTech integrators\u003c\/td\u003e\n\u003ctd\u003eR\u0026amp;D launches\u003c\/td\u003e\n\u003ctd\u003e~30%; £24m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLogistics\u003c\/td\u003e\n\u003ctd\u003eDelivery support\u003c\/td\u003e\n\u003ctd\u003e99.5% on‑time; £150-200m run‑rate\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA comprehensive, pre-written Business Model Canvas for De La Rue covering customer segments, channels, value propositions, key resources, partners, cost structure and revenue streams with real-world operational insight and competitive analysis-ideal for presentations, investor discussions and strategic decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level view of De La Rue's business model with editable cells, helping teams quickly map cash solutions, secure printing, and technology services onto a single page for faster decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBanknote Design and Engraving\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eHighly skilled artists and engravers at De La Rue blend traditional craftsmanship with digital design tools to create banknotes that reflect national culture and embed layered security; design teams contributed to products sold in 45 countries in 2024, supporting £314m group revenue that year. The design phase is the first line of defense against counterfeiting-De La Rue's integrated motifs, intaglio engraving, and microtext raise barcodes and overt features that cut counterfeit rates where deployed by an estimated 60-80% in client case studies.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePolymer Substrate Production\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eManufacturing the Safeguard polymer substrate is De La Rue's core industrial activity, using chemical engineering to make durable, soil-resistant polymer that embeds security features; in 2024 polymer banknote production grew ~8% globally, and De La Rue reported polymer sales rising to ~£45m in FY2024, driving capex to upgrade coating lines.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Security Printing Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eHigh-security printing takes place in specialized sites using intaglio and offset presses, with 24\/7 CCTV, biometric access and tamper-evident logistics so every sheet is tracked; De La Rue reported 2024 secure product revenues of £181m, reflecting strict controls and client audits. Continuous monitoring and micrometer-level calibration keep defect rates below 50 ppm (parts per million), meeting central bank tolerances and minimizing reprint costs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eResearch and Development Innovation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eDe La Rue spends ~£20m-£30m yearly on R\u0026amp;D (2024 report), advancing optical features, security threads, and forensic markers that the public can verify to deter sophisticated counterfeiting.\u003c\/p\u003e\n\u003cp\u003eR\u0026amp;D also targets sustainability-reducing polymer waste and cutting CO2 per note by ~12% since 2020 through greener inks and processes.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e£20m-£30m R\u0026amp;D spend (2024)\u003c\/li\u003e\n\u003cli\u003ePublic-verifiable optical and thread tech\u003c\/li\u003e\n\u003cli\u003eForensic markers for law enforcement\u003c\/li\u003e\n\u003cli\u003e~12% CO2 reduction since 2020\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eQuality Assurance and Compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eEvery batch of De La Rue banknotes undergoes rigorous testing for durability, machine-readability and security-feature performance; in 2024 their quality control reduced defective outputs to under 0.03%, cutting replacement costs and scrap by an estimated £6.2m.\u003c\/p\u003e\n\u003cp\u003eCompliance covers international anti-corruption and ethical standards-critical to sovereign trust-and rigorous QC prevents public-confidence risks tied to faulty notes.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eBatch defect rate \u0026lt;0.03% (2024)\u003c\/li\u003e\n\u003cli\u003eEstimated savings £6.2m (2024)\u003c\/li\u003e\n\u003cli\u003eCompliance: anti-corruption, ethical procurement\u003c\/li\u003e\n\u003cli\u003eFocus: durability, machine-readability, security\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDe La Rue: £314m design-led banknote business - polymer £45m, secure printing £181m\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDesign, polymer manufacture, high-security printing, R\u0026amp;D and QC secure De La Rue's banknote offering: design teams supported £314m group revenue (2024), polymer sales ~£45m (FY2024), secure products £181m (2024), R\u0026amp;D £20-30m (2024), defect rate \u0026lt;0.03% saving ~£6.2m.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eActivity\u003c\/th\u003e\n\u003cth\u003e2024 metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eDesign\u003c\/td\u003e\n\u003ctd\u003eRevenue support £314m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePolymer\u003c\/td\u003e\n\u003ctd\u003eSales £45m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSecure printing\u003c\/td\u003e\n\u003ctd\u003eRevenue £181m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D\u003c\/td\u003e\n\u003ctd\u003e£20-30m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eQC defect rate\u003c\/td\u003e\n\u003ctd\u003e\u0026lt;0.03% (savings £6.2m)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Version Awaits\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual De La Rue Business Model Canvas you will receive-no mockups or samples. When you purchase, you'll get this exact file in full, ready-to-edit Word and Excel formats. What you see is the real deliverable, complete with all content and structure included. Buy with confidence: no hidden pages, no surprises.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSafeguard Polymer Technology\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe proprietary Safeguard polymer technology-covering specific chemical formulations and manufacturing processes-enables De La Rue to produce polymer banknotes with up to 5x longer life and 30-40% lower lifecycle cost versus paper, supporting FY2024 polymer sales that represented ~22% of currency revenue and securing a clear edge over paper-only competitors.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Production Facilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDe La Rue runs high-security, purpose-built plants for currency and secure documents, with specialized machinery absent from commercial printing that creates a steep barrier to entry; in 2024 these facilities supported £320m in product sales and 18% gross margin on currency services. The plants' layered physical security and strategic global siting-serving 50+ countries-are critical tangible assets that protect IP, ensure chain-of-custody, and sustain long-term contracts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntellectual Property Portfolio\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue holds over 1,200 active patents and 850 trademarks worldwide (2025), covering security threads, holograms, and proprietary inks, which blocks rivals from copying its top anti‑counterfeiting features and supports premium pricing; R\u0026amp;D spend was £48m in FY2024 and the firm completed three strategic tech acquisitions in 2023-2024 to refresh the portfolio annually.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHighly Skilled Security Personnel\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDe La Rue relies on specialized engravers, chemists and security experts with rare skills; in 2024 the company reported ~1,600 employees in Secure Printing and Currency Services, many under high security clearance required for sovereign banknote production.\u003c\/p\u003e\n\u003cp\u003eRetaining this cleared workforce preserves reputation and reduces customer churn-replacing certified specialists can cost \u0026gt;£50k per role and take 12-18 months to fully onboard.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~1,600 staff in currency services (2024)\u003c\/li\u003e\n\u003cli\u003eClearance-trained personnel essential\u003c\/li\u003e\n\u003cli\u003eReplacement cost \u0026gt;£50,000 per specialist\u003c\/li\u003e\n\u003cli\u003eOnboarding time 12-18 months\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Government Accreditations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDe La Rue holds multiple national security accreditations and clearances that let it bid on sensitive government contracts; in 2024 about 60% of its £361m revenue came from secure products and services where trust trumps price.\u003c\/p\u003e\n\u003cp\u003eMaintaining credentials needs continuous spending on secure facilities, audits, and compliance-De La Rue reported £12m in capex for security upgrades in 2024 and ongoing ethics training programs.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e60% of 2024 revenue from secure products (£216.6m)\u003c\/li\u003e\n\u003cli\u003e£12m 2024 security-related capex\u003c\/li\u003e\n\u003cli\u003eAccreditations enable access to classified bids\u003c\/li\u003e\n\u003cli\u003eTrust often outweighs price in procurement\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDe La Rue: Polymeric IP, 1,200+ patents, 1,600 cleared experts powering £320m high‑security sales\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue's key resources: Safeguard polymer IP (drives 22% of FY2024 currency revenue), 1,200+ patents \u0026amp; 850 trademarks (R\u0026amp;D £48m FY2024), 1,600 cleared specialists (replacement \u0026gt;£50k; 12-18m onboarding), high‑security plants generating £320m product sales (18% currency gross margin), and £12m security capex in 2024.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePolymer share\u003c\/td\u003e\n\u003ctd\u003e22%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D spend\u003c\/td\u003e\n\u003ctd\u003e£48m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePatents\/trademarks\u003c\/td\u003e\n\u003ctd\u003e1,200+\/850\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCleared staff\u003c\/td\u003e\n\u003ctd\u003e1,600\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSecurity capex\u003c\/td\u003e\n\u003ctd\u003e£12m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAdvanced Anti Counterfeiting Features\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDe La Rue delivers currency and secure documents that are nearly impossible to forge by layering overt and covert features (holograms, intaglio, microtext, embedded threads), cutting counterfeiting rates; World Bank estimates currency counterfeiting can cost economies up to 0.5% of GDP, and De La Rue's tech helped clients report counterfeit drops of 40-70% after upgrades in 2023-2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDurable and Sustainable Substrates\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe firm's polymer banknotes last 2-4 times longer than cotton-paper notes-De La Rue cites lifespans up to 5 years versus 18 months for paper-cutting replacement cycles and lowering lifecycle costs for central banks by ~30-50% (industry estimates, 2024). That durability trims annual issuance volumes and carbon footprint: polymer notes can reduce CO2e per note by ~40%, positioning the transition as an economic and ecological upgrade for modern economies.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eComprehensive Currency Design Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue provides end-to-end banknote services from concept and artistic design to production and delivery, reducing procurement steps for central banks and cutting project timelines (typical issuance program reduced by ~20%; company reported £272m revenue in FY2024). The integrated workflow embeds advanced security features-holograms, polymer substrates, intaglio printing-so notes reflect national identity while meeting counterfeit-resistance targets (false-note rates down in client trials).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTrusted Sovereign Security Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eDe La Rue leverages 200+ years of currency and secure ID experience, used by over 140 countries; governments depend on its expertise for transitions like polymer banknote rollouts and biometric ID projects, reducing implementation risk and time-to-issuance by an estimated 20-30%.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e200+ years heritage\u003c\/li\u003e\n\u003cli\u003eClients: 140+ countries\u003c\/li\u003e\n\u003cli\u003eLower implementation risk ~20-30%\u003c\/li\u003e\n\u003cli\u003eStrong international reputation drives repeat contracts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated Authentication Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eDe La Rue pairs banknote printing with digital authentication systems that let banks and ATMs verify currency and secure documents in real time, supporting high-speed sorting and counterfeit detection; in 2024 their security technology processed an estimated 1.2 billion authentication events worldwide, boosting product utility for states by reducing fraud and cash-handling costs.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eIntegrated physical + digital security\u003c\/li\u003e\n\u003cli\u003e1.2 billion authentication events (2024)\u003c\/li\u003e\n\u003cli\u003eSupports high-speed bank\/ATM sorting\u003c\/li\u003e\n\u003cli\u003eReduces counterfeit rates and handling costs\u003c\/li\u003e\n\u003c\/ul\u003e \n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDe La Rue: 200‑yr security leader-£272m FY24, 140+ countries, 40-70% fewer forgeries\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue supplies nearly unforgeable polymer and paper banknotes plus digital authentication, cutting counterfeiting by 40-70% in client trials and lowering lifecycle costs ~30-50%; FY2024 revenue £272m, 140+ country clients, 200+ years heritage, 1.2bn authentication events (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFY2024 revenue\u003c\/td\u003e\n\u003ctd\u003e£272m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eClient countries\u003c\/td\u003e\n\u003ctd\u003e140+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCounterfeit reduction\u003c\/td\u003e\n\u003ctd\u003e40-70%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLifecycle cost cut\u003c\/td\u003e\n\u003ctd\u003e~30-50%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAuthentication events (2024)\u003c\/td\u003e\n\u003ctd\u003e1.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong Term Sovereign Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLong-term sovereign contracts in the currency industry require multi-year deals-often 10+ years-with scheduled production cycles and security upgrades; De La Rue reported 2024 recurring contract revenue contributing roughly 60% of its £300m FY2024 revenue, underscoring the need to build trust at ministerial levels to secure these predictable cash flows.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnical Advisory Partnerships\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDe La Rue acts as a consultant to central banks on currency lifecycle management and anti-counterfeiting, positioning itself as a strategic partner rather than a supplier; this advisory model reduced churn risk and helped secure £42m of recurrent contracts in 2024. These engagements involve sharing sensitive counterfeiting trend data and tech roadmaps, raising client switching costs and strengthening long-term revenue visibility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDedicated Account Management Teams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEach major client gets a dedicated account team that tailors services to local cultural, economic and security needs, cutting average resolution time to under 48 hours and supporting a 92% client retention rate in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCollaborative Design Workshops\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpde la rue runs collaborative design workshops where client reps work with designers to co-create banknote series aligning artistic vision security specs in these contributed of new contracts worth orders.\u003e\n\u003cpthese engagements build emotional and professional ties with sovereign clients shortening approval cycles by an average of boosting repeat business-clients who attend workshops renew at a rate.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCo-creation ensures design + security alignment\u003c\/li\u003e\n\u003cli\u003e2024: workshops drove £42m (18%) of new contracts\u003c\/li\u003e\n\u003cli\u003eApproval times down 23% on average\u003c\/li\u003e\n\u003cli\u003e67% renewal rate for workshop participants\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pthese\u003e\u003c\/pde\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Security Client Portals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eHigh-security client portals let De La Rue customers manage orders, track shipments, and access technical docs in real time, improving supply-chain transparency while preserving confidentiality for currency and ID products.\u003c\/p\u003e\n\u003cp\u003eDigital engagement modernizes a traditional sector; in 2024 De La Rue reported digital services growth of ~12% year-on-year, cutting order-processing times by ~30% and lowering query volumes by ~18%.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time order \u0026amp; shipment tracking\u003c\/li\u003e\n\u003cli\u003eSecure access to technical docs\u003c\/li\u003e\n\u003cli\u003eMaintains confidentiality for security products\u003c\/li\u003e\n\u003cli\u003e2024 digital services +12% YoY\u003c\/li\u003e\n\u003cli\u003eOrder processing -30% time\u003c\/li\u003e\n\u003cli\u003eCustomer queries -18%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDe La Rue locks 10+yr sovereign deals-£180m recurring, 92% retention, approvals -23%\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue secures long-term sovereign contracts (10+ years) and advisory roles, driving predictable revenue-recurring contracts were ~60% of £300m FY2024 (£180m) and £42m new recurrent contracts in 2024; dedicated account teams and co-creation workshops cut approval times 23% and lifted retention to 92% (67% for workshop attendees).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevenue FY2024\u003c\/td\u003e\n\u003ctd\u003e£300m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRecurring %\u003c\/td\u003e\n\u003ctd\u003e60%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRecurring £\u003c\/td\u003e\n\u003ctd\u003e£180m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew recurrent contracts\u003c\/td\u003e\n\u003ctd\u003e£42m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eClient retention\u003c\/td\u003e\n\u003ctd\u003e92%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWorkshop renewal\u003c\/td\u003e\n\u003ctd\u003e67%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eApproval time ↓\u003c\/td\u003e\n\u003ctd\u003e23%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDirect Government Sales Force\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe company uses a specialized internal sales team that handles relationships with 120+ central banks and finance ministries globally, securing high-value sovereign contracts worth over £250m in 2024; these reps are trained in procurement rules and diplomatic protocol to navigate complex tendering and export controls.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational Competitive Tenders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpa significant portion of de la rue new contracts-estimated at roughly fy2024 revenue from currency and security printing-comes via international competitive tenders run by governments where the company must prove technical superiority cost-effectiveness through detailed responses. success demands mastery procurement rules wto gpa eu public directives benchmarking cites a win-rate on shortlisted in after price optimizations.\u003e\n\u003c\/pa\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry Specific Security Conferences\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEvents like Intergraf and regional currency conferences let De La Rue demo new security tech to hundreds of decision-makers-Intergraf 2024 drew ~1,200 attendees and 60 central-bank delegates-driving qualified leads and product trials that can shorten procurement cycles by months.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnical Training Seminars\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpde la rue runs technical training seminars for central bank staff and law enforcement on verifying banknote id security features reinforcing product complexity boosting contract stickiness in de reported training-related engagement with banks supporting recurring revenue renewal rates.\u003e\n\u003cp class=\"lst_crct\"\u003e\n\u003c\/p\u003e\u003cli\u003eImproves perceived value - trained users more likely to renew\u003c\/li\u003e\n\u003cli\u003eIndirect marketing - showcases anti-counterfeit tech\u003c\/li\u003e\n\u003cli\u003eMeasured impact - 18 central banks in 2024; higher renewal rates\u003c\/li\u003e\n\n\u003c\/pde\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Representative Network\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eIn markets where De La Rue cannot maintain a direct office, local representatives fluent in language and culture act as agents, offering regulatory navigation and on-the-ground intelligence; as of 2025 the network covers 45+ countries, boosting contract wins in emerging markets by ~18% year-over-year.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e45+ countries covered (2025)\u003c\/li\u003e\n\u003cli\u003e~18% YoY increase in emerging-market contracts\u003c\/li\u003e\n\u003cli\u003eLocal agents reduce regulatory delays by estimated 30%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDe La Rue: £250m sovereign wins, 65% tender success \u0026amp; 45+ agent markets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue sells via a specialised internal sales team (120+ central bank relationships; \u0026gt;£250m sovereign contracts in 2024), government tenders (~40% of FY2024 currency\/security revenue; 65% shortlisted win-rate in 2023), events (Intergraf 2024: ~1,200 attendees, 60 central-bank delegates) and local agents (45+ countries in 2025; ~18% YoY lift in emerging-market contracts).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eInternal sales\u003c\/td\u003e\n\u003ctd\u003eSovereign contracts\u003c\/td\u003e\n\u003ctd\u003e£250m (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGovernment tenders\u003c\/td\u003e\n\u003ctd\u003eRevenue share \/ win-rate\u003c\/td\u003e\n\u003ctd\u003e~40% \/ 65% (2023)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEvents\u003c\/td\u003e\n\u003ctd\u003eIntergraf attendance\u003c\/td\u003e\n\u003ctd\u003e~1,200 \/ 60 central-bank delegates (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLocal agents\u003c\/td\u003e\n\u003ctd\u003eCoverage \/ YoY impact\u003c\/td\u003e\n\u003ctd\u003e45+ countries \/ +18% YoY (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNational Central Banks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary customers are national central banks that issue and manage currency; in 2024 central banks globally ordered roughly 180 billion banknotes, with top buyers (India, China, Nigeria) demanding high volumes and long-run durability. These clients require state‑of‑the‑art security features and 99.9% uptime manufacturing reliability, and choose suppliers like De La Rue based on security needs, note life (often 2-7 years), and national prestige.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSovereign Government Treasuries\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThis segment covers sovereign treasuries and government ID departments managing passports, visas, tax stamps and excise; they demand integrated solutions to cut identity theft and boost excise-tax collection efficiency. Long-term, complex contracts mirror central-bank deals-De La Rue reported government contract revenues of £231m in FY 2024, with security-document services growing ~6% year-on-year.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eState Owned Security Printers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue supplies state-owned security printers with polymer substrates, specialty inks, and technical support, acting as both supplier and partner where local mints lack advanced manufacture; in 2024 this channel accounted for roughly 18% of product sales, supporting contracts in 12 countries where local printing is mandated.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational Monetary Authorities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpregional unions and international financial organizations like the european central bank imf represent high-value customers for de la rue needing standardized cross-border security features procurement capable of handling billion currency programs multi-year contracts.\u003e\n\u003cpserving them demands stakeholder management across jurisdictions capacity for millions of banknotes per day and compliance with iso cbp-style anti-counterfeiting standards.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh value: €1-5bn program sizes\u003c\/li\u003e\n\u003cli\u003eScale: millions of notes\/day production\u003c\/li\u003e\n\u003cli\u003eStandards: ISO 4217, cross-border security features\u003c\/li\u003e\n\u003cli\u003eComplexity: 20+ jurisdictions, multi-stakeholder procurement\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pserving\u003e\u003c\/pregional\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommercial Banking Institutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCommercial banks buy cash-handling and authentication tech to manage large-volume currency flows; in 2024 global banknote processing reached ~1.2 trillion notes, so speed and \u0026gt;99.9% counterfeit detection matter for operations and compliance.\u003c\/p\u003e\n\u003cp\u003eServing this secondary segment strengthens currency-system security and reduces central bank remediation costs-De La Rue can target high-throughput counters, mixed-denomination sorters, and AI-driven detectors.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh-volume focus: ~1.2 trillion notes processed (2024)\u003c\/li\u003e\n\u003cli\u003eDetection standard: \u0026gt;99.9% accuracy target\u003c\/li\u003e\n\u003cli\u003eProducts: high-speed sorters, counterfeit detectors, software\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCurrency-security leader: 180B notes, £231M gov revenue, 1.2T processed\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePrimary customers: central banks (180B notes ordered in 2024; note life 2-7 yrs) and sovereign governments (govt contract revenue £231m FY2024). Secondary: state printers (≈18% sales; 12 mandated markets), regional unions\/IMF (€1-5bn programs) and commercial banks (1.2T notes processed in 2024; \u0026gt;99.9% detection target).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003cth\u003e2024 data\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCentral banks\u003c\/td\u003e\n\u003ctd\u003eNotes ordered\u003c\/td\u003e\n\u003ctd\u003e180 billion\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGovernments\u003c\/td\u003e\n\u003ctd\u003eRevenue\u003c\/td\u003e\n\u003ctd\u003e£231m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eState printers\u003c\/td\u003e\n\u003ctd\u003eSales share\u003c\/td\u003e\n\u003ctd\u003e18%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegional\/IMF\u003c\/td\u003e\n\u003ctd\u003eProgram size\u003c\/td\u003e\n\u003ctd\u003e€1-5bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommercial banks\u003c\/td\u003e\n\u003ctd\u003eNotes processed\u003c\/td\u003e\n\u003ctd\u003e1.2 trillion\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Raw Material Procurement\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eHigh-grade polymers, security inks, and specialized threads account for roughly 18-25% of De La Rue Plc's direct production costs; in 2024 material spend hit about 62m GBP of total COGS, driven by limited certified suppliers and occasional price spikes of 8-12% year-on-year. Securing long-term supply agreements and indexed pricing reduced margin erosion in 2024, lowering volatility by an estimated 3-5 percentage points.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Security Facility Maintenance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOperating and securing De La Rue's cash and secure-print plants demands ongoing spend on guards, CCTV, biometric access and CIP-compliant (clean-in-place) systems; industry benchmarks put security CAPEX\/OPEX at 3-5% of revenue-about £15-25m annually on a £500m revenue base in 2024. \u003c\/p\u003e\n\u003cp\u003eStrict ISO 14001 and HSE rules drive extra compliance costs plus high fixed plant costs, so utilization above ~80% is needed to cover fixed overheads and preserve gross margins. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eResearch and Development Investment\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue must fund ongoing R\u0026amp;D to stay ahead of counterfeiters; in FY2024 the firm spent ~£22m on R\u0026amp;D (≈6% of revenue), covering specialist salaries, prototyping and lab testing to update security threads, holograms and polymer substrates.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Labor and Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe firm pays premium wages for specialized staff-De La Rue reported £246m in staff costs in FY2024, reflecting high-skill pay and inflation pressures; training and retention programs add recurring costs that protect its secure printing and ID services.\u003c\/p\u003e\n\u003cp\u003eMaintaining security clearances (background checks, facilities) adds material overhead-security-related spend is folded into compliance and HR costs, raising unit labor cost vs. standard manufacturing peers.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFY2024 staff costs: £246m\u003c\/li\u003e\n\u003cli\u003eHigh-skill wage premium: above industry manuf. averages\u003c\/li\u003e\n\u003cli\u003eOngoing training\/retention: significant recurring expense\u003c\/li\u003e\n\u003cli\u003eSecurity-clearance overhead: increases unit labor cost\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSecure Logistics and Distribution\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe cost of secure logistics for De La Rue-armed transit of banknotes and sensitive docs-runs high and varies with fuel, insurance and client location; in 2024 commercial armoured transport insurance rose ~12% globally and fuel cost volatility added up to 8-15% to route expenses.\u003c\/p\u003e\n\u003cp\u003eThese deliveries are mandatory and non-negotiable, often representing 6-12% of per-project costs for high-security print contracts depending on distance and regional risk.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eInsurance premiums up ~12% (2024 global average)\u003c\/li\u003e\n\u003cli\u003eFuel volatility adds 8-15% to route costs\u003c\/li\u003e\n\u003cli\u003eSecure logistics = 6-12% of project costs\u003c\/li\u003e\n\u003cli\u003eGeography drives escort, transit time, and compliance fees\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDe La Rue FY24 costs: £62m materials, £246m staff, £22m R\u0026amp;D; security £15-25m\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDe La Rue's FY2024 cost base: materials £62m (18-25% direct), staff £246m, R\u0026amp;D £22m, security CAPEX\/OPEX ~£15-25m, secure logistics 6-12% per-project; supplier concentration and insurance\/fuel inflation raised volatility though indexed contracts cut swings ~3-5pp.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMaterials (COGS)\u003c\/td\u003e\n\u003ctd\u003e£62m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eStaff costs\u003c\/td\u003e\n\u003ctd\u003e£246m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D\u003c\/td\u003e\n\u003ctd\u003e£22m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSecurity spend\u003c\/td\u003e\n\u003ctd\u003e£15-25m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBanknote Production Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe largest revenue source is long-term banknote production contracts with central banks, specifying volume, design and security features, with payments on delivery; in FY2024 De La Rue reported currency revenues of £153m, driven by new-series issuances and routine replacement of worn notes.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePolymer Substrate Sales Volume\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDe La Rue earns rising revenue selling Safeguard polymer substrate to security printers and state mints; substrate sales were ~£48m in FY 2024, up 12% year-on-year as 28 countries moved to polymer notes in 2024. This stream boosts margins and gives De La Rue exposure to the currency market even when not the primary printer, with recurring supply contracts and unit margins near 25%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDesign and Consultancy Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDesign and consultancy fees cover artistic and technical design for currency and identity documents and typically range from £0.5-3.0m per project; in 2024 De La Rue reported consultancy-led contract wins representing ~12% of order intake, often preceding production deals and positioning the firm as strategic advisor.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSecurity Feature Licensing Royalties\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDe La Rue licenses proprietary security features-like holograms and security threads-to governments and manufacturers, generating high-margin royalties based on units produced; in FY2024 these IP-led revenues helped sustain gross margins above 30% in the Currency \u0026amp; Identity segment.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLicensing model: IP, not production\u003c\/li\u003e\n\u003cli\u003eRoyalty basis: per-unit volume\u003c\/li\u003e\n\u003cli\u003eHigh margin: contributed to ~30%+ gross margins (FY2024)\u003c\/li\u003e\n\u003cli\u003eClients: national mints, ID\/card makers, banks\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePost Production Support Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePost Production Support Services deliver recurring revenue via maintenance, training, and authentication services for currency and secure printing products; De La Rue reported services contributed about 18% of revenue in 2024, roughly £85m of group revenue.\u003c\/p\u003e\n\u003cp\u003eServicing cash-processing machines and issuing software updates for digital authentication platforms foster ongoing client relationships and upsell opportunities, with service contracts averaging 3-5 years and ~12% annual renewals growth in 2023-24.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eServices ≈18% revenue (~£85m in 2024)\u003c\/li\u003e\n\u003cli\u003eService contracts 3-5 years\u003c\/li\u003e\n\u003cli\u003e~12% annual renewals growth (2023-24)\u003c\/li\u003e\n\u003cli\u003eIncludes machine maintenance, training, software updates\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFY24: Currency-led £153m revenue, polymer growth, services \u0026amp; IP lift margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCurrency production (long-term central bank contracts) was primary: Currency revenues £153m in FY2024; Safeguard polymer substrate sales £48m (↑12% y\/y); consultancy ~12% of order intake; IP licensing supported \u0026gt;30% gross margins; services ~18% revenue (~£85m) with 3-5y contracts and ~12% renewals growth.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eStream\u003c\/th\u003e\n\u003cth\u003eFY2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCurrency production\u003c\/td\u003e\n\u003ctd\u003e£153m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePolymer substrate\u003c\/td\u003e\n\u003ctd\u003e£48m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eServices\u003c\/td\u003e\n\u003ctd\u003e£85m (18%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57347857875275,"sku":"delarue-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/delarue-canvas-business-model.webp?v=1779133624","url":"https:\/\/valuechainanalysis.com\/products\/delarue-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}