De La Rue PLC Trading Statement (7171O)
12 Octubre 2021 - 01:00AM
UK Regulatory
TIDMDLAR
RNS Number : 7171O
De La Rue PLC
12 October 2021
12 October 2021
DE LA RUE PLC
TRADING UPDATE
De La Rue plc (LSE: DLAR) ("De La Rue", or "the Company") today
announces a trading update for the six months ended 25 September
2021.
Trading in both our Currency and Authentication divisions for
the first half has been positive, with our Turnaround Plan and cost
reduction activities continuing to strengthen the Company's
performance versus the similar period in financial years 2019/20
and 2020/21. The outlook for the financial year 2021/22 continues
to be in line with the Board's expectations.
Net debt at the half year was lower than expected, and less than
at the end of the financial year 2020/21. This was as a result of
both the phasing of capital expenditure and strong cash
collections. The outlook for net debt for the full year is in line
with the Board's expectations.
De La Rue expects to announce its results for the six months
ended 25 September 2021 on 24 November 2021.
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
Kirstie Thomas Investor Relations Manager
Brunswick +44 (0)207 404 5959
Stuart Donnelly
Ed Brown
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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END
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