De La Rue posts growth in trading update
Basingstoke's De La Rue, the world’s largest commercial banknote printer, has announced a trading update covering its financial performance in H1 FY2024.
The firm reported that it expects adjusted operating profit to be marginally ahead of previous guidance given at the time of its full year results announcement on 29 June.
De La Rue has also said that its net debt has improved, falling to the £80 million range.
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According to the De La Rue Board, expectations for the rest of the year are in line with these results, meaning the firm expects profit to continue to steadily grow and net debt to carry on falling.
The firm dates as far back as 1813 when Thomas de la Rue launched his first commercial venture, the newspaper Le Miroir Politique on Guernsey. Since then the firm has gone on to become the largest and most trusted bank note printing company worldwide.
De La Rue's interim results for the period to 30 September 2023 will be announced on 19 December 2023.
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