De La Rue PLC
30 October 2000
DE LA RUE PLC
ANALYST AND SHAREHOLDER BRIEFING
De La Rue plc is giving a briefing to analysts and shareholders this
afternoon. The focus of the briefing will be on the Global Services division,
which was set up on 2 April 2000 with five existing De La Rue businesses
forming the nucleus. The objective is to provide a clear understanding of the
overall strategic direction of Global Services, as well as an analysis of the
activities, markets and strategies of the key constituent businesses.
A brief overview will also be given of activity in the other trading
divisions. As the visit is in the 'closed period' no trading update will be
given. The Group's interim results will be announced on Wednesday 22
November.
Key themes will be:
Development of Global Services, where there is potential for significant
growth, is on track. To date, activity has centred on developing the
InterClear digital security offering, expanding the Transaction Services
network, developing the Identity Systems and Brand Protection businesses
and building divisional infrastructure and competency.
Currency operations continue to differentiate themselves from the
competition through the use of technology and the business is still
focussed on a value not volume driven approach. Concern from customers
about new counterfeiting threats continues to create opportunities for
the introduction of new features.
The Security Products business is concentrating on improving operational
efficiency and exploiting new opportunities to work with its customer
base to develop supply chain management solutions.
In Cash Systems, the rationalisation plan announced on 16 March last year
is now largely complete and the division is still on track to exit the
year with operating margins at a running rate in excess of 10%, excluding
acquisitions. The integration of Ascom Banking Automation's cash
handling operations acquired in February of this year is also progressing
according to plan.
Copies of the presentations are available from the company on request.
For further information please contact:
De La Rue plc
Paul Hollingworth, Finance Director 01256 605307
Mark Fearon, Head of Corporate Affairs 01256 605303
Pager: 07654 284191
30 October 2000
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