De La Rue on Track to Meet Annual Goals Amid Currency Division Growth
Generado por agente de IAHarrison Brooks
miércoles, 5 de marzo de 2025, 3:19 am ET1 min de lectura
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De La Rue plc, the British software firm and bank note printer, has announced that it is on track to meet its fiscal 2025 goals, driven by strong growth in its currency division. The company's currency order book grew significantly through the second half of the year and continues to see a strong order intake, with its order book standing at £347 million ($444 million) at the end of January 2025.
The company's fiscal year runs until March 29, and its chief executive, Clive Vacher, has expressed confidence in the division's future performance. "We expect FY26, our next financial year, to bring a significant escalation in the performance of our Currency business," Vacher said.
De La Rue's authentication business also showed a solid performance, with the company continuing discussions that could lead to cash offers for the division. The work to complete the sale of this division is expected to end in the first half of calendar 2025, as previously expected.
The group's currency division has seen a strong recovery in the market, with an improving environment that highlights the resilience and long-term nature of the worldwide currency industry. The pick-up in the order book seen at the company's interim results has continued into calendar 2025, with the order book standing at £239.2 million at 30 March 2025 (FY23: £136.8 million) and £241.4 million at the end of June 2025.
De La Rue's strong performance in its currency division is a testament to the company's ability to navigate market challenges and capitalize on opportunities. The company's focus on innovation, such as its IGNITE technology, and its commitment to customer satisfaction have contributed to its success in the competitive currency market.
As DeDE-- La Rue continues to execute its strategic initiatives and capitalize on market opportunities, investors can expect the company to maintain its strong performance and meet its annual goals. The company's ongoing efforts to mitigate risks and capitalize on opportunities in the authentication and currency markets position it well for future growth and success.
De La Rue plc, the British software firm and bank note printer, has announced that it is on track to meet its fiscal 2025 goals, driven by strong growth in its currency division. The company's currency order book grew significantly through the second half of the year and continues to see a strong order intake, with its order book standing at £347 million ($444 million) at the end of January 2025.
The company's fiscal year runs until March 29, and its chief executive, Clive Vacher, has expressed confidence in the division's future performance. "We expect FY26, our next financial year, to bring a significant escalation in the performance of our Currency business," Vacher said.
De La Rue's authentication business also showed a solid performance, with the company continuing discussions that could lead to cash offers for the division. The work to complete the sale of this division is expected to end in the first half of calendar 2025, as previously expected.
The group's currency division has seen a strong recovery in the market, with an improving environment that highlights the resilience and long-term nature of the worldwide currency industry. The pick-up in the order book seen at the company's interim results has continued into calendar 2025, with the order book standing at £239.2 million at 30 March 2025 (FY23: £136.8 million) and £241.4 million at the end of June 2025.
De La Rue's strong performance in its currency division is a testament to the company's ability to navigate market challenges and capitalize on opportunities. The company's focus on innovation, such as its IGNITE technology, and its commitment to customer satisfaction have contributed to its success in the competitive currency market.
As DeDE-- La Rue continues to execute its strategic initiatives and capitalize on market opportunities, investors can expect the company to maintain its strong performance and meet its annual goals. The company's ongoing efforts to mitigate risks and capitalize on opportunities in the authentication and currency markets position it well for future growth and success.
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