De La Rue PLC has provided a strategic update ahead of its full-year results for the financial year ended 30 March 2024. The company has reported positive momentum in both its Authentication and Currency divisions, with significant recent contract wins and renewals. The Authentication division has achieved substantial contract renewals within the last 12 months, with expected total contract values exceeding £150m. The Currency division's order book increased to £239m at the end of March, with further orders totaling approximately £60m secured since then.
The company's Board has been evaluating strategic options for the group and each division, and is in discussions with a number of parties who have made proposals in relation to, or expressed interest in, either of the Group's divisions. Clive Vacher, Chief Executive Officer at De La Rue, expressed delight in extending relationships with high-profile customers within the Authentication division, and highlighted the expanding Currency order book as progress in the development of De La Rue.
Clive Whiley, Chairman at De La Rue, confirmed that the discussions with relevant parties are advancing, and further updates are expected at the time of the full-year results in July. The company's core focus areas include Authentication, leveraging advanced digital software solutions and security labels, and Currency, designing and manufacturing highly secure banknotes and banknote components.
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. With operations in five continents and customers in 140 countries, the company brings unparalleled knowledge and expertise to its partnerships and projects.
This update provides insight into De La Rue's performance, strategic evaluation, and ongoing discussions with potential partners, offering a comprehensive view of the company's current position and future prospects.