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An announcement from De La Rue ( (GB:DLAR) ) is now available.
De La Rue plc announced its half-year results for 2024/25, reporting an adjusted operating profit of £7.3 million, slightly down from £7.9 million in the previous year, but ahead of its low single-digit guidance. The company’s currency division saw orders increase significantly, particularly polymer orders, leading to a robust order book of £338 million, the highest in five years. De La Rue also plans to sell its Authentication business to Crane NXT for £300 million, which will help improve its financial position by repaying debt and reducing pension deficits. The company expects continued growth, driven by its strong currency order book and financial gains from the Authentication sale.
More about De La Rue
De La Rue is a longstanding company, established 211 years ago, that provides digital and physical solutions to protect supply chains and cash cycles from counterfeiting and illicit trade. Operating on five continents with customers in 140 countries, the company specializes in advanced track and trace software, security document design, and manufacturing secure banknotes and components. Its focus areas include Currency, designing and manufacturing banknotes, and Authentication, protecting revenues and reputations using digital solutions and security labels.
YTD Price Performance: 30.36%
Average Trading Volume: 406,050
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £220.6M
For detailed information about DLAR stock, go to TipRanks’ Stock Analysis page.
