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De La Rue plc issued a pre-close trading update on 17 April 2024 for the financial year ended 30 March 2024. For FY24, the company expects adjusted operating profit in the low £20m range, net debt around £90m, and Authentication division revenue exceeding £100m. Full results for the period will be announced on 18 June 2024, with the Board intending to provide a further update by 31 May 2024.
| Date | 17 Apr 2024 |
| Time | 07:00:04 |
| Category | Trading updates |
| ID | 8541K |
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.