REG - De La Rue PLC - Pre-Close Trading Statement

De La RueAnnouncement

17/04/2024 07:01

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RNS Number : 8541K  De La Rue PLC  17 April 2024

 

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

 

 De La Rue plc      +44 (0)7990 337707
 Clive Vacher       Chief Executive Officer
 Dean Moore         Interim Chief Financial Officer
 Louise Rich        Head of Investor Relations

 Brunswick          +44 (0)207 404 5959
 Stuart Donnelly
 Ed Brown

 

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.

 

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