17 April 2024
De La Rue plc
Pre-close trading update
De La Rue plc ("De La Rue", the
"Group" or the "Company") today gives a trading update for the
financial year ended 30 March 2024 ("FY24").
For FY24, the Group expects
adjusted operating profit to be in line with
guidance previously given, in the low £20m range. Net debt is
expected to be around £90m, which is marginally better than
previous guidance. In addition, the Authentication division
is expected to report revenue in excess of £100m, as previously
targeted.
The Group's results for the period
ended 30 March 2024 will be announced on 18 June 2024.
As previously noted, the Board
intends to provide an update by 31 May 2024 on progress in
optimising the underlying intrinsic value of the business for the
benefit of all stakeholders.
Enquiries
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De
La Rue plc
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+44
(0)7990 337707
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Clive Vacher
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Chief Executive Officer
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Dean Moore
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Interim Chief Financial
Officer
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Louise Rich
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Head of Investor
Relations
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Brunswick
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+44
(0)207 404 5959
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Stuart Donnelly
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Ed Brown
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About De La Rue
Established over 210 years ago, De
La Rue is trusted by governments, central banks, and international
brands, providing digital and physical solutions that protect their
supply chains and cash cycles from counterfeiting and illicit
trade.
With operations in five continents,
customers in 140 countries and solutions that include advanced
track and trace software, security document design, banknotes,
brand protection labels, tax stamps, security features and passport
bio-data pages, De La Rue brings unparalleled knowledge and
expertise to its partnerships and projects.
Our core focus areas are:
- Authentication: leveraging
advanced digital software solutions and security labels to protect
revenues and reputations from the impacts of illicit trade,
counterfeiting, and identity theft.
- Currency: designing and
manufacturing highly secure banknotes and banknote components that
are optimised for security, manufacturability, cash cycle efficacy
and public engagement.
The security and trust derived from
our solutions pave the way for robust economies and flourishing
societies. This is underpinned by a significant Environmental,
Social, and Governance commitment that is evidenced by accolades
such as the ISO 14001 certification and a consistent ranking in the
top tier of the Financial Times European Climate Leaders
list.
De La Rue's shares are traded on the
London Stock Exchange (LSE: DLAR). De La Rue plc's LEI code is
213800DH741LZWIJXP78. For further information please visit
www.delarue.com.