De La Rue - link to home page
  • Search
    • Currency
      • Overview
      • Housenotes
        • First Edition
        • Design Story
        • Security Features
      • Products
        • SAFEGUARD®
        • SAFEGUARD® Features
        • ASSURE™
        • NEXUS™
        • IGNITE® Thread
        • KINETIC STARCHROME® Thread
        • PUREIMAGE™ Thread
        • Holographic Stripes & Patches
        • GEMINI™
        • ENIGMA™
        • MASK™
      • Domain expertise
        • DLR Design
        • DLR Analytics
        • Advanced Banknote Manager Course
        • Counterfeit training
        • Public Education
        • Operational Excellence
      • Thought leadership
      • Events
      • Downloads
      • Currency View App
    • Authentication
      • Overview
      • Markets
        • Government Revenue
          Solutions
          • – Government Revenue Solutions Products
        • Brand Protection
          • – Traceology
          • - Security labels
        • ID Security Components
        • Financial & Secure Products
      • Domain expertise
        • Holography expertise
        • Design expertise
        • Software expertise
      • Thought leadership
      • Events
    • Responsible Business
      • Environment
      • Social
      • Governance
        • Code of business principles and ethical standards
        • Modern slavery act statement
        • Our certifications
        • Our risk management framework
        • Our tax strategy
        • Payment terms, practices, policies and performance
        • Our articles of association
        • Gender pay gap reporting
        • Diversity, equity and inclusion
        • Companies act 2006 s430(2B) statements
      • Case Studies
        • Authentication
        • Currency
    • Corporate
      • For investors
        • GM 2022 Information
        • AGM information
        • Results and reports
        • Capital Raising
        • Share price
          • – Detailed share price
          • – Share price chart
          • – Share price calculator
          • – Historical share price
        • Shareholder information
          • – Dividends
          • – 5 year record
          • – Share dealing services
          • – Shareholder forms
          • – Electronic communications
          • – FAQs
        • Financial news
        • Financial calendar
        • Investor contacts
      • For press
        • Media kit
        • Media contacts
      • Governance
        • Board of Directors
        • Governance and pension policies
        • Business conduct
        • Tax strategy
        • Committees
        • Section 430(2B) Companies Act 2006 statement
    • About us
      • Our locations
        • Europe
          • Malta
        • North America
        • Asia Pacific
        • Middle East & Africa
      • Our people
        • Board of Directors
        • Executive leadership
      • Our history
    • News
    • Careers
    • Contact
    • Search
    • Currency
      • Overview
      • Housenotes
        • First Edition
        • Design Story
        • Security Features
      • Products
        • Safeguard
        • Safeguard Features
        • ASSURE™
        • NEXUS™
        • Ignite Thread
        • Kinetic StarChrome Thread
        • PureImage Thread
        • Holographic Stripes & Patches
        • Gemini
        • Enigma
        • Mask
      • Domain Expertise
        • DLR Design
        • DLR Analytics
        • Advanced Bank Manager Course
        • Counterfeit training
        • Public Education
        • Operational Excellence (SPW)
      • Thought Leadership
      • Events
    • Authentication
      • Overview
      • Markets
        • Government Revenue Solutions
          • Government Revenue Solutions Products
        • Brand Protection
          • Traceology
          • Security labels
        • ID Security Components
        • Financial & Secure Products
      • Domain Expertise
        • Holography expertise
        • Design expertise
        • Software expertise
      • Thought Leadership
      • Events
    • Responsible Business
      • Environment
      • Social
      • Governance
        • Code of business principles and ethical standards
        • Modern slavery act statement
        • Our certifications
        • Our risk management framework
        • Our tax strategy
        • Payment terms, practices, policies and performance
        • Our articles of association
        • Gender pay gap reporting
        • Diversity, equity and inclusion
        • Companies act 2006 s430(2B) statements
      • Case Studies
        • Authentication
        • Currency
    • Corporate
      • For investors
        • GM 2022 Information
        • AGM information
        • Results and reports
        • Share price
          • Detailed share price
          • Share price chart
          • Share price calculator
          • Historical share price
        • Shareholder information
          • Dividends
          • 5 year record
          • Share dealing services
          • Shareholder forms
          • Electronic communications
          • FAQs
        • Financial news
        • Financial calendar
        • Investor contacts
      • For press
        • Media kit
        • Media contacts
      • Governance
        • Board of Directors
        • Governance and pension policies
        • Business conduct
        • Tax strategy
        • Committees
        • Section 430(2B) Companies Act 2006 statement
    • About
      • Our locations
        • Europe
          • Malta
        • North America
        • Middle East & Africa
        • Asia Pacific
      • Our people
        • Board of Directors
        • Executive Leadership
      • Our history
    • News
    • Careers
    • Contact
    • There are no suggestions because the search field is empty.
    News

    De La Rue plc Interim Results November 2012

    Published on 27 Nov 2012 by De La Rue plc
    Share on Facebook Share on LinkedIn Share on Twitter

    DE LA RUE PLC INTERIM STATEMENT SIX MONTHS TO 29 SEPTEMBER 2012

    KEY FINANCIALS

      Half Year
    2012/13
    £m
    Half Year
    2011/12
    £m
    Change
    Revenue 245.4 238.1 3%
    Operating profit * 33.2 31.5 5%
    Profit before tax and exceptional items 31.5 29.0 9%
    Profit before tax 27.9 27.1 3%
    Headline earnings per share * 23.8p 21.4p 11%
    Dividend per share 14.1p 14.1p –

    * Operating profit is shown before an exceptional charge of £3.6m (2011/12: £1.9m). Headline EPS is reported before the exceptional charge and exceptional tax credits of £5.0m (2011/12: £0.5m). The Directors are of the opinion that these measures give a better indication of underlying performance.

    HEADLINES

    • Revenue up 3% to £245m with a strong performance in Solutions
    • Operating profit up 5% to £33m
    • Banknote print volumes up 4% to 2.9bn notes, paper volumes down 15% to 4,500 tonnes
    • Group 12 month order book maintained at £248m, of which Currency orders up 7% at £195m
    • Improvement Plan benefits of £4m realised in the period

    Tim Cobbold, CEO, commented:

    "During the first half of the year we have reported satisfactory growth in revenue and operating profit despite a more challenging banknote paper market. We made good progress in implementing the Improvement Plan with a continued focus on procurement, quality improvement and reducing waste which has delivered cumulative savings of £12m to date. We remain on track to achieve the Plan’s £30m per annum of savings."

    "As previously announced, a number of significant orders have been delayed. The Board remains confident that these orders will be received for shipment in 2013/14."

    "Overall order intake has been satisfactory notwithstanding the delayed orders, with the Currency 12 month order book growing by 7 per cent during the period. With the reasonable order book, a strong pipeline and continued progress on the Improvement Plan, the Board is confident in achieving a target 2013/14 operating profit in excess of £100m."

    Enquiries:

    De La Rue plc   +44 (0)1256 605000
    Tim Cobbold Chief Executive  
    Colin Child Group Finance Director  
    Rob Hutchison Group Director of Communications  
    Brunswick   +44 (0)207 404 5959
    Jon Coles    
    Zoe Bird    

    A presentation to analysts will take place at 9:00 am on 27 November 2012 at the London Stock Exchange, 10 Paternoster Square, London EC4M 7LS.

    There will be a simultaneous audio webcast of the meeting. For the live webcast, please register at www.delarue.com

    27 November 2012

    View the full announcement as PDF

    Back to Latest News

    Lastly, sign up to receive our news

    Back to top of page
    • FAQs
    • Careers
    • Contact
    • Privacy
    • Legal Disclaimer
    • Insurance Details
    • Accessibility
    • Cookie Notice
    • Modern slavery statement

    Connect with us:

    •  
    •  
    • FAQs
    • Careers
    • Contact
    • Privacy
    • Legal Disclaimer
    • Insurance Details
    • Accessibility
    • Cookie Notice
    • Modern slavery statement

    Connect with us:

    •  
    •  
     

    © De La Rue plc