De La Rue - link to home page
  • Search
    • Currency
      • Overview
      • Housenotes
        • First Edition
        • Design Story
        • Security Features
      • Products
        • SAFEGUARD®
        • SAFEGUARD® Features
        • NEXUS™
        • IGNITE® Thread
        • KINETIC STARCHROME® Thread
        • PUREIMAGE™ Thread
        • Holographic Stripes & Patches
        • GEMINI™
        • ENIGMA™
        • MASK™
      • Domain expertise
        • DLR Design
        • DLR Analytics
        • Advanced Banknote Manager seminar
        • Counterfeit training
        • Public Education
        • Operational Excellence
      • Thought leadership
      • Events
      • Downloads
      • Currency View App
    • Authentication
      • Overview
      • Solutions
        • Government Revenue
          Solutions
          • – Government Revenue Solutions Products
        • Brand Protection
          • Traceology
          • Secure labels
          • Partnerships
        • ID Security Solutions
      • Domain expertise
        • Holography expertise
        • Design expertise
        • Software expertise
      • Resources
      • 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
        • About De La Rue
        • Our strategy
        • Our markets
        • Results and reports
        • Authentication
        • Currency
        • AGM information
        • 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
        • GM 2022 Information
        • Investor contacts
        • 2020 Capital Raising
      • 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
        • NEXUS™
        • Ignite Thread
        • Kinetic StarChrome Thread
        • PureImage Thread
        • Holographic Stripes & Patches
        • Gemini
        • Enigma
        • Mask
      • Domain Expertise
        • DLR Design
        • DLR Analytics
        • Advanced Banknote Manager seminar
        • Counterfeit training
        • Public Education
        • Operational Excellence (SPW)
      • Thought Leadership
      • Events
    • Authentication
      • Overview
      • Solutions
        • Government Revenue Solutions
          • Government Revenue Solutions Products
        • Brand Protection
          • Traceology
          • Secure labels
          • Partnerships
        • ID Security Components
      • 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
        • About De La Rue
        • Our strategy
        • Our markets
        • Results and reports
        • Authentication
        • Currency
        • AGM information
        • Shareholder information
          • Dividends
          • 5 year record
          • Share dealing services
          • Shareholder forms
          • Electronic communications
          • FAQs
        • Share price
          • Detailed share price
          • Share price chart
          • Share price calculator
          • Historical share price
        • Financial news
        • Financial calendar
        • GM 2022 Information
        • 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

    Interim Results November 2011

    Published on 22 Nov 2011 by De La Rue plc
    Share on Facebook Share on LinkedIn Share on Twitter

    DE LA RUE PLC INTERIM STATEMENT SIX MONTHS TO 24 SEPTEMBER 2011

    KEY FINANCIALS

      Half Year
    2011/2012
    £m
    Half Year
    2010/2011
    £m
    Revenue 238.1 209.2
    Operating profit* 31.5 27.8
    Profit before tax and exceptional items 29.0 23.8
    Profit before tax 27.1 69.4
    Headline EPS* 21.4p 17.2p
    Dividend per share 14.1p 14.1p

    * Group operating profit and headline EPS are reported before an exceptional charge of £1.9m in 2011/12 and net exceptional income of £45.6m in 2010/11

    HEADLINES

    • Group's first half operating profit performance up 13% to £31.5m
    • Headline EPS up 24% to 21.4p
    • Interim dividend maintained at 14.1p
    • Operating cash conversion** of 109%, net debt remains low at £39m
    • Banknote print volumes up 12% to 2.8bn notes
    • Strong Currency order book up 14% on year end
    • Good progress with the delivery of the Improvement Plan

    ** Operating cash conversion equals operating cash flow excluding exceptional items, special pension contributions and the movement in advance payments (£2m), less capital expenditure, divided by operating profit

    Nicholas Brookes, Chairman, commented:

    "We have delivered a strong first half performance with banknote print volumes materially above the previous half year.  Our Solutions business unit completed the successful ramp up of the UK Passport contract and sales of the large banknote sorter remain good.  Our strong order book in the Currency business unit underpins our confidence in meeting our expectations for the full year."

    Tim Cobbold, CEO, commented:

    "The excellent progress we have made in implementing the Improvement Plan reinforces my confidence in the core strengths of the business and De La Rue's ability to meet our target of an operating profit in excess of £100m by 2013/14.

    "With the Group's strong, established market position and pipeline of opportunities, I remain confident in the growth prospects for the business and the delivery of long term value to our shareholders."

    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    
    Oliver Hughes    

    A presentation to analysts will take place at 9:00 am on 22 November 2011 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

    22 November 2011

    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
    • Legal Disclaimer
    • Insurance Details
    • Accessibility
    • Cookie Notice
    • Modern slavery statement

    Connect with us:

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

    Connect with us:

    •  
    •  
     

    © De La Rue plc