Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  De La Rue plc    DLAR   GB00B3DGH821

DE LA RUE PLC

(DLAR)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

De La Rue : awarded digital tax stamp solution contract by The Kingdom Of Saudi Arabia

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/01/2019 | 04:22am EDT

De La Rue, the world's premier security solutions provider, is pleased to announce that it has signed a five year contract with the General Authority of Zakat and Tax (GAZT) in The Kingdom of Saudi Arabia to implement and operate a digital tax stamp solution for all tobacco products and soft drinks sold in the Kingdom.

The award reflects continued progress in De La Rue's strategy to transform the Group into a less capital intensive, more technology led business. With this contract, the previously announced contracts in the UAE, the UK and Europe, together with the ongoing existing business, De La Rueexpects to double its Product Authentication and Traceability business within the next three years.

Under the agreement, De La Ruewill implement its DLR Certify™ digital system to track and trace excisable products, starting with cigarettes. This solution will ensure that the country has a robust excise tax scheme in place and is tackling illicit trade directly. In parallel, it ensures that The Kingdom of Saudi Arabia complies with the World Health Organisation's Framework Convention for Tobacco Control.

The system will be delivered in May 2019 with marked cigarette products arriving in the Kingdom from August 2019 onwards; other tobacco products and soft drinks will follow on through to early 2020.

Commenting on the award, Martin Sutherland, Chief Executive Officer of De La Rue, said:

'We are honoured and delighted to have been chosen by GAZT to provide this track and trace service and to partner with them on this important initiative. In the past few years, we have been investing heavily in our authentication and traceability capability and product offerings. This award is both an endorsement of our capability and an excellent reference for De La Rue.'

De La Rueplc +44 (0)1256 605000

Sinead Keller Head of Media

Lili Huang Head of Investor Relations

Brunswick +44 (0)207 404 5959

Azadeh Varzi

Stuart Donnelly

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 Rueprovides 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 Ruedesigns, 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 Rueis the only integrated supplier of both paper and polymer banknotes, and creates security features that ensure banknotes are protected against counterfeiting.

De La Rueis the world's largest commercial designer and 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 Ruealso 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 Rueis listed on the London Stock Exchange (LSE:DLAR). For further information visit www.delarue.com

Disclaimer

De La Rue plc published this content on 01 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 April 2019 08:21:10 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DE LA RUE PLC
05/19DE LA RUE : Kenya government & De La Rue joint venture kicks off
AQ
05/17DE LA RUE : Notice of Full Year Results
PU
05/06DE LA RUE : Foreign Secretary welcomes more than £64 million of British funding..
AQ
05/06DE LA RUE : Foreign Secretary welcomes more than £64 million of British funding ..
AQ
05/04DE LA RUE : Foreign Secretary welcomes more than 64 million of British funding f..
AQ
05/04DE LA RUE : Foreign Secretary welcomes more than £64 million of British funding ..
AQ
05/03DE LA RUE : Foreign Secretary welcomes more than £64 million of British funding ..
AQ
04/19DE LA RUE : launches JV with Government of Kenya
AQ
04/19DE LA RUE : Kenya and De La Rue partnership kicks off
AQ
04/18DE LA RUE : Commencement of Kenya joint venture
PU
More news
Financials (GBP)
Sales 2019 511 M
EBIT 2019 62,5 M
Net income 2019 43,5 M
Debt 2019 71,1 M
Yield 2019 5,63%
P/E ratio 2019 10,57
P/E ratio 2020 9,35
EV / Sales 2019 1,04x
EV / Sales 2020 1,03x
Capitalization 461 M
Chart DE LA RUE PLC
Duration : Period :
De La Rue plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DE LA RUE PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 5,78  GBP
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Martin Sutherland Chief Executive Officer & Executive Director
Philip Graham Rogerson Non-Executive Chairman
Bryan Gray Chief Operating Officer
Helen Margaret Willis Chief Financial Officer & Executive Director
Selva Selvaratnam Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
DE LA RUE PLC4.96%583
DAI NIPPON PRINTING CO., LTD.11.66%7 292
TOPPAN PRINTING CO LTD13.00%5 567
CIMPRESS NV-12.63%2 775
SHENZHEN JINJIA GROUP CO LTD--.--%2 710
DELUXE CORPORATION4.76%1 756