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      Corporate News

      Trading update

      Published on 15 Oct 2020 by De La Rue plc
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      De La Rue plc (LSE: DLAR) (“De La Rue”) today announces a trading update for the six months ended 26 September 2020.

      Trading for the financial year 2020/21 to date has been positive, with revenue and adjusted operating profit for the first half in line with the Board’s expectations. Net debt at the half year was lower than expected due mainly to the phasing of capital expenditure and positive working capital movements. Net debt for the full year is forecast to be in line with the Board’s expectations.

      De La Rue expects to announce its results for the six months ended 26 September 2020 on 25 November 2020.

      De La Rue plc's LEI code is 213800DH741LZWIJXP78.

      Enquiries:

      De La Rue plc
      +44 (0) 7387 122645
      Clive Vacher, Chief Executive Officer
      Rob Harding, Chief Financial Officer
      Matthew Rose, Director of Tax, Treasury and Investor Relations

      Brunswick
      +44 (0)207 404 5959
      Stuart Donnelly
      Imran Jina

      Cautionary note regarding forward-looking statements

      This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "plans", "goal", "target", "aim", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of the directors, De La Rue or the Group concerning, amongst other things, the results of operations, profitability, financial condition, liquidity, prospects, growth and strategies of De La Rue and the industry in which it operates.

      By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond De La Rue's ability to control or predict. Forward-looking statements are not guarantees of future performance. The Group's actual results of operations, profitability, financial condition, liquidity, prospects, growth and/or strategy and the development of the industry in which it operates may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the results of operations, profitability, financial condition, liquidity, prospects, growth and/or strategy of the Group and the development of the industry in which it operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.

      Other than in accordance with its legal or regulatory obligations, De La Rue does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

       

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