Updates

De La Rue - New guidance well ahead of forecasts

March 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

De La Rue, which specialises in printing high quality polymer banknotes armed with sophisticated security features, announced that thanks to positive trading and good progress implementing its Turnaround Plan it now expects adjusted operating profit between £36m-£37m, which compares with market expectations of £34m. This improved performance is largely driven by its bank notes side and it’s now building a new production line in its Bolton facility to more than double existing capacity for polymer bank notes with capex increasing from £15m to £20m. Its other Authentication division, which provides tax stamp printing to help Governments stop tobacco smuggling, saw some tempora ...

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