News in Brief

De La Rue Authentication on Track

De La Rue has announced that its Authentication division is on track to exceed £100 million in revenue for fiscal year 2024, demonstrating good growth versus 2023 results, and making it the fastest growing division in the company.

The Authentication division provides physical and digital solutions to governments and commercial organisations for protecting revenues and brand reputations. The division also manufactures security components including holograms and other optical devices.

De La Rue reported total revenue for FY23 of £349.7 million (down from £375.1 million for FY22). While revenue from its Currency division was 9.4% lower, at £254.6 million (following an industry-wide downturn in activity in this sector), Authentication achieved a modest increase of 1.6%, to reach £91.7 million.