Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDe La Rue Share News (DLAR)

Share Price Information for De La Rue (DLAR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 98.00
Bid: 97.20
Ask: 98.00
Change: 1.80 (1.87%)
Spread: 0.80 (0.823%)
Open: 93.40
High: 98.00
Low: 93.40
Prev. Close: 96.20
DLAR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

De La Rue 'on track' for second year of turnaround plan

Thu, 29th Jul 2021 07:30

(Sharecast News) - De La Rue said on Thursday that its expectations for the current 2022 financial year remained unchanged, with the company "on track" to deliver the second year of its turnaround plan.
The London-listed security printing specialist, which was holding its annual general meeting, said its cost reduction programme, amounting to £36m of cumulative cost savings over the 2020 cost base, would have a full year's impact for the first time in the 2022 period.

That would include around £7m of incremental savings compared to the 2021 financial year.

"In currency, De La Rue continues to experience strong demand and is building an order book in line with its expectations for growth," the board said in its statement.

"The mix of business is also positive.

"The programme to grow its polymer substrate activity, including more than doubling production capacity, is on track, and worldwide demand for the group's 'Safeguard' polymer is developing in line with forecasts."

In authentication, the company said both the government revenue solutions (GRS) and its brand businesses were on track to meet expectations.

"De La Rue has secured a further multi-year GRS award since the full year results in May, and the pipeline of contract opportunities remains robust.

"Implementation of existing contracts is in line with expectations, and recently won contracts will contribute to growth in the second half of the current financial year."

At 0940 BST, shares in De La Rue were up 0.39% at 173.28p.
More News
11 Jun 2024 16:01

UK earnings, trading statements calendar - next 7 days

Wednesday 12 June 
Castings PLCFull Year Results
Molten Ventures PLCHalf Year Results
RWS Holdings PLCHalf Year Results
Safestore Holdings PLCHalf Year Results
Thursday 13 June 
Crest Nicholson PLCHalf Year Results
Fuller, Smith & Turner PLCFull Year Results
Halma PLCFull Year Results
Motorpoint Group PLCFull Year Results
Norcros PLCFull Year Results
Origin Enterprises PLCTrading Statement
PayPoint PLCFull Year Results
Virgin Money UK PLCHalf Year Results
Wise PLCFull Year Results
Friday 14 June 
Tesco PLCTrading Statement
Monday 17 June 
Monks Investment Trust PLCFull Year Results
Tuesday 18 June 
Ashtead Group PLCFull Year Results
De La Rue PLCFull Year Results
Global Smaller Cos Trust PLCFull Year Results
Intercede Group PLCFull Year Results
Oxford BioDynamics PLCHalf Year Results
Tatton Asset Management PLCFull Year Results
Telecom Plus PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
31 May 2024 09:15

LONDON BROKER RATINGS: RBC raises Centrica; Citigroup says buy BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Read more
30 May 2024 13:51

IN BRIEF: De La Rue extends two contracts; in talks for its divisions

De La Rue PLC - Hampshire, England-based banknote and security document printer - Reports positive momentum in both its Authentication and Currency divisions with a number of significant recent contract wins and renewals. Says there is no change to its previous guidance for the financial year that ended March 30. This was for adjusted operating profit in the "low GBP20 million" range and would represent a decline from financial 2023's GBP27.8 million. De La Rue on Thursday also says it has reached agreement with two existing Government Revenue Solutions customers that it doesn't name. The three- and five-year extensions, respectively, of existing contracts are to supply a digital tax stamp solution to track and trace excisable products. Says the two renewals have a total contract value in excess of GBP150 million.

Read more
30 May 2024 10:04

SMALL-CAP WINNERS & LOSERS: De La Rue rises on "positive momentum"

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
30 May 2024 09:00

LONDON MARKET OPEN: Auto Trader shines as results impress shareholders

(Alliance News) - Stock prices in London were treading water early Thursday, with investors nervously eyeing some key US economic data.

Read more
30 May 2024 07:37

De La Rue in talks over potential sale of divisions

(Sharecast News) - Banknote maker De La Rue said on Thursday that it was delaying the publication of its full-year results as it is currently in talks with a number of parties who have made proposals or expressed an interest in buying either of its divisions.

Read more
22 May 2024 11:03

SMALL-CAP WINNERS & LOSERS: De La Rue up again; Regional REIT falls

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
7 May 2024 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Friday:

Read more
17 Apr 2024 11:23

De La Rue says yearly profit to be in line with expectations

(Alliance News) - De La Rue PLC on Wednesday said it expects yearly profit to be in line with guidance, with its Authentication unit achieving a GBP100 million revenue goal.

Read more
3 Apr 2024 09:56

IN BRIEF: De La Rue renews contract with Microsoft for five years

De La Rue PLC - Basingstoke, England-based security products maker - Signs a five-year renewal of its contract with Microsoft Corp for the supply of innovative authentication solutions to Microsoft's OEM, Retail and Xbox channels. This extends the relationship between the two companies out to 2029. Under the contract, De La Rue will supply solutions to Microsoft partners.

Read more
3 Apr 2024 08:07

De La Rue secures 5-year extension to Microsoft contract

(Sharecast News) - De La Rue said on Wednesday that it has signed a five-year renewal of its contract with Microsoft for the supply of "innovative authentication solutions" to the company's OEM, Retail and Xbox channels.

Read more
2 Apr 2024 12:36

EARNINGS: Capricorn Energy loss narrows; Crystal Amber net assets up

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
19 Dec 2023 17:19

Metal miners lift UK stocks amid lingering Fed rate cut hopes

Superdry drops on profit warning

*

Read more
19 Dec 2023 17:01

LONDON MARKET CLOSE: Stocks close higher ahead of UK inflation data

(Alliance News) - Stock prices in Europe closed higher on Tuesday, after data confirmed that the eurozone is inching closer towards its 2% inflation targets.

Read more
19 Dec 2023 11:49

LONDON MARKET MIDDAY: FTSE 100 flat; Eurozone inflation cools to 2.4%

(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite news that the eurozone's inflation is edging closer to its 2% target.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.