Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDe La Rue Share News (DLAR)

Share Price Information for De La Rue (DLAR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 95.80
Bid: 96.40
Ask: 98.00
Change: -2.20 (-2.24%)
Spread: 1.60 (1.66%)
Open: 98.00
High: 98.00
Low: 95.80
Prev. Close: 98.00
DLAR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
More News
17 Apr 2023 10:23

SMALL-CAP WINNERS & LOSERS: De La Rue chair resigns after pressure

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
14 Apr 2023 17:12

IN BRIEF: De La Rue chair resigns to "draw a line" under speculation

De La Rue PLC - Basingstoke, England-based security printed products maker - Says Chair Kevin Loosemore has resigned to "draw a line under recent speculation surrounding the leadership of the company." He will leave on May 1. Launches an "accelerated" search for his replacement, with the aim of appointing a new non-executive chair on May 2.

Read more
12 Apr 2023 17:31

FTSE 100 ends higher for fourth straight day, U.S inflation cools

March domestic pay growth slows - survey

*

Read more
12 Apr 2023 16:54

LONDON MARKET CLOSE: Stocks in the green as US inflation rate cools

(Alliance News) - Stocks in London closed higher on Wednesday as the US inflation rate continued to cool, providing investors with some hope that the cycle of rate hikes may soon be at an end.

Read more
12 Apr 2023 12:03

LONDON MARKET MIDDAY: Stocks tentatively higher ahead of US inflation

(Alliance News) - Stock prices in London were largely higher at midday on Wednesday, amid cautious trade ahead of the release of eagerly-awaited inflation data from the world's largest economy.

Read more
12 Apr 2023 10:26

Crystal Amber promises sizeable return amid Hurricane Energy buyout

(Alliance News) - Crystal Amber Fund Ltd on Wednesday said it plans a "substantial" return of capital after it receives funds from the buyout of investee Hurricane Energy PLC by Prax Exploration & Production PLC.

Read more
12 Apr 2023 10:06

SMALL-CAP WINNERS & LOSERS: De La Rue sinks as banknote demand wanes

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
12 Apr 2023 09:49

De La Rue shares sink as warns on profit amid falling banknote demand

(Alliance News) - De La Rue PLC on Wednesday said it has been hurt by demand for banknotes sinking to a more than 20-year low.

Read more
12 Apr 2023 08:49

LONDON MARKET OPEN: Stocks looking for direction before US inflation

(Alliance News) - Stock prices in London opened mixed on Wednesday, as caution prevailed ahead of a US inflation reading and minutes from the Federal Reserve's March meeting.

Read more
12 Apr 2023 08:10

De La Rue warns on profits as banknote demand slides

(Sharecast News) - Banknote printer De La Rue warned on profits on Wednesday and said it has begun talks with its lenders as demand for banknotes has fallen to its lowest level in more than 20 years.

Read more
12 Apr 2023 07:52

LONDON BRIEFING: Anglo American's De Beers shines; Unite bookings up

(Alliance News) - Stocks in London were called flat on Wednesday, with the focus for the day on a US inflation reading in the afternoon, before the release of central bank meeting minutes later.

Read more
6 Apr 2023 10:47

IN BRIEF: De La Rue shares up new CFO Charles Andrews appointed

De La Rue PLC - Basingstoke, England-based security printed products maker - Hires Charles Andrews as interim chief financial officer, with effect from April 11. This follows the resignation of Rob Harding in January, who left to become CFO at payment services provider PayPoint PLC. Most recently, Andrews was senior vice president Airframe at aerospace firm Meggitt PLC, and has held senior finance roles at Ingram Micro Inc and GSK PLC.

Read more
6 Apr 2023 09:38

De La Rue appoints interim finance chief

(Sharecast News) - Banknote printer De La Rue has named Charles Andrews as interim chief financial officer.

Read more
6 Apr 2023 09:37

SMALL-CAP WINNERS & LOSERS: Motorpoint expects revenue to rise 9.1%

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
31 Mar 2023 15:16

IN BRIEF: Crystal Amber Fund again seeks to remove De La Rue chair

De La Rue PLC - Basingstoke, England-based maker of security and authentication features on currencies, financial documents and identity cards - Receives general meeting requisition from 9.8% shareholder Crystal Amber Fund Ltd. Demands the removal from the board of Chair Kevin Loosemore and his replacement by Pepyn Dinandt.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.