De La Rue PLC has released a pre-close trading update for the financial year ended 30 March 2024. The company expects its adjusted operating profit to be in line with previous guidance, in the low £20m range, and net debt to be around £90m, slightly better than previous guidance. The Authentication division is anticipated to report revenue exceeding £100m, as previously targeted. The Group's results for the period ended 30 March 2024 will be announced on 18 June 2024. The Board intends to provide an update by 31 May 2024 on progress in optimizing the underlying intrinsic value of the business for the benefit of all stakeholders.
De La Rue, established over 210 years ago, 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. The company operates in five continents, serving customers in 140 countries with solutions including advanced track and trace software, security document design, banknotes, brand protection labels, tax stamps, security features, and passport bio-data pages. De La Rue's core focus areas are Authentication and Currency, leveraging advanced digital software solutions and security labels to protect revenues and reputations from the impacts of illicit trade, counterfeiting, and identity theft, and designing and manufacturing highly secure banknotes and banknote components optimized for security, manufacturability, cash cycle efficacy, and public engagement.
The company's solutions provide security and trust, paving the way for robust economies and flourishing societies. De La Rue also demonstrates a significant Environmental, Social, and Governance commitment, 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. For more information, visit the De La Rue plc website.