Pre-close trading update April 2024

De La Rue plc (”De La Rue", the “Group” or the “Company”) today gives a trading update for the financial year ended 30 March 2024 (“FY24”).

For FY24, the Group expects adjusted operating profit to be in line with guidance previously given, in the low £20m range. Net debt is expected to be around £90m, which is marginally better than previous guidance. In addition, the Authentication division is expected to report revenue in excess of £100m, as previously targeted.

The Group’s results for the period ended 30 March 2024 will be announced on 18 June 2024.

As previously noted, the Board intends to provide an update by 31 May 2024 on progress in optimising the underlying intrinsic value of the business for the benefit of all stakeholders.