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Pin to quick picksDe La Rue Share News (DLAR)

Share Price Information for De La Rue (DLAR)

London Stock Exchange
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Share Price: 97.20
Bid: 97.20
Ask: 98.60
Change: 1.40 (1.46%)
Spread: 1.40 (1.44%)
Open: 98.40
High: 98.60
Low: 97.00
Prev. Close: 95.80
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Cost savings help De La Rue lift H1 profits by a fifth

Tue, 26th Nov 2013 07:45

- Adjusted profits rise 20 per cent- Revenues fall as banknote print volumes slip- 'More difficult pricing environment' in printed banknotesOngoing cost savings meant that De La Rue managed to increase profits by a fifth in the first half despite a slip in banknote print volumes.The banknote printer, ID systems and cash processing group reported a profit before tax and exceptional items of £32.8m in the six months to September 28th, up 20% from £27.4m the year before."Good progress has been made on the ongoing cost reduction programme which realised further benefits of £10m in the period and which remains on track to deliver its target by the year end," the company said.However, group revenues fell by 5% from £245.4m to £234m.In the Currency division, which accounts for around 60% of sales, revenues were up 4% at £145.4m. Banknote print volumes were down 10% due to the timing of shipments between the first and second half. This was offset by a 4% improvement in paper volumes, "albeit with lower contributions on external paper sales, reflecting the continuing overcapacity in the banknote paper market".In De La Rue's Solutions business, revenues declined by 12% to £95.3m as the company experienced lower sales in the Cash Processing Solutions, Security Products and Identity Systems units.Nevertheless, the 12-month order book was £232m, up £25m since the start of the period. Currency orders were particularly strong and up 14% at £180m. Meanwhile, the dividend per share was held at 14.1p.The company assured that it would meet its operating profit target of £90m this year - representing 40% growth - but warned that the overcapacity in the banknote paper market has led to a "more difficult pricing environment" in the printed banknote market."The board is pleased with the level of order intake in the Currency division but still anticipates that the pricing environment in the second half of 2013/14 will continue throughout 2014/15."BC
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17 Mar 2015 17:34

DIRECTOR DEALINGS: De La Rue Chief Executive Buys First Shares

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18 Feb 2015 17:16

MARKET COMMENT: UK Shares End Flat As Pound Rises On Jobs Report

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18 Feb 2015 13:52

FTSE 250 movers: Centamin lower on Alecto Minerals split, De La Rue strong on potential bid

Centamin was in the red after revealing it was pulling out of its joint venture with Alecto Minerals in Ethiopia. Results from its 2014 drilling programme, which included 25 diamond drills holes at Wayu Boda, and the analysis of surface work carried out during the year will be handed to Alecto when

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18 Feb 2015 13:45

PRESS: De La Rue Shares Up On Reported Oberthur Interest - Daily Mail

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18 Feb 2015 08:24

BUZZ-De La Rue: boosted by M&A rumours

** Banknote printer De La Rue hits 2.5 mth highs & on course for its best 2-day gain since May ** Stock up 4.7 pct, building on a 5 pct rise seen Tuesday which the Daily Mail attributed to rumours the firm could be subject to a 750p bid from Oberthur or a private equity group ** 2nd m

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29 Jan 2015 11:34

De La Rue CFO to step down, as firm maintains guidance

Colin Child, the finance director of banknote printing firm De La Rue, has announced he will step down from his role. Child said he would resign from his current position at the group's annual general meeting on 23 July and the FTSE 250 group confirmed a search for his replacement was underway. The

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29 Jan 2015 08:33

De La Rue Finance Director Colin Child To Step Down, Trading In Line

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29 Jan 2015 07:20

De La Rue finance chief to step down in July

LONDON, Jan 29 (Reuters) - British banknote printer De La Rue has begun the search for a new finance chief after Colin Child announced he would step down from the role. The company, which makes over 150 currencies and UK passports, said Child would resign from the role at its annual general

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25 Nov 2014 09:57

UPDATE 1-De La Rue posts H1 profit fall, says trading in line

(Adds CEO quotes, details, analysts) By Li-mei Hoang LONDON, Nov 25 (Reuters) - Banknote printer De La Rue posted a fall in mid-year profit on Tuesday but said it was trading in line with expectations, spurring a brief jump in its shares following a string of profit warnings. T

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25 Nov 2014 08:31

De La Rue slashes dividend as interim profits slide

Bank note printer De La Rue has posted a 36% drop in first-half profits amid pressure from tougher market competition that is expected to continue to hit margins into the next financial year. Year-on-year revenue growth for the six month period to September slid 8% to £214.9m, while pre-tax profit f

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25 Nov 2014 07:15

De La Rue H1 profit falls, sees tough years ahead

LONDON, Nov 25 (Reuters) - British banknote printer De La Rue expects challenging market conditions for the next two years, it said on Tuesday, after it reported a 37 percent fall in pretax profit in the first half of its financial year. The 201 year-old firm said underlying pretax profit f

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4 Nov 2014 15:56

BUZZ-View from the buyside: Investec's Mundy sees bumps ahead for UK midcaps

** Alastair Mundy, manager of Investec UK Special Situations Fund, reckons tough times lie in store for midcaps. ** Midcaps may have squeezed profits to max, Mundy says, while larger cos still have room to shrink and extract earnings power. ** Risk of earnings disappointment is much g

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30 Oct 2014 09:34

UK BROKER RATINGS: HSBC Upgrades Next To Overweight From Neutral

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15 Oct 2014 13:29

UPDATE 3-Balfour names QinetiQ chief to lead turnaround, shares surge

* Balfour Beatty recruits QinetiQ boss as CEO * Shares in biggest one-day rise in 14 years * QinetiQ CFO to become acting CEO (Adds incoming CEO Quinn comments, writes through) By Li-mei Hoang LONDON, Oct 15 (Reuters) - Troubled British infrastructure group Balfour Beatt

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13 Oct 2014 16:10

MARKET COMMENT: FTSE 100 Ends Higher After Hitting 15-Month Low

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