De La Rue PLC
09 February 2007
DE LA RUE PLC
TRADING UPDATE
The Board of De La Rue plc today issues the following trading update in respect
of the year ending 31 March 2007:
Trading since the interim announcement has been stronger than expected across
all areas of the Group.
Within Security Paper and Print, the banknote and paper businesses are operating
at full capacity and expect to do so to the end of the financial year.
In Cash Systems, second half revenue growth and the operating margin have built
on the impetus gained in the first half and, in particular, demand in the North
American Teller Automation market has remained strong. During the period, the
division has also benefited from a number of large one-off orders in the Desktop
Products and OEM (cash dispensing mechanisms) businesses.
Increased interest income, reflecting more favourable cash flow, together with
improved income from associates are expected to benefit the second half.
Overall, the Board now expects full year profit before tax, amortisation and
exceptional items to be significantly ahead of market consensus forecasts (see
note 1 below).
De La Rue anticipates entering the new financial year with good visibility for
the first half in Security Paper and Print. The Board therefore remains
confident of the outlook for 2007/2008.
-ends-
9 February 2007
For further information please contact:
Stephen King Group Finance Director +44 (0) 1256 605307
Mark Fearon Head of Corporate Affairs +44 (0) 1256 605303
Richard Mountain Financial Dynamics +44 (0) 207 269 7291
Notes to Editors:
1. The consensus of market estimates for profit before tax, amortisation and
exceptional items for 2006/2007, based on Reuters Estimates is £90.7m.
2. De La Rue will announce its Preliminary Results on 22 May 2007.
3. De La Rue is the world's largest commercial security printer and papermaker,
involved in the production of over 150 national currencies and a wide range
of security documents such as travellers cheques and vouchers. The Company
is a leading provider of cash handling equipment and software solutions to
banks and retailers worldwide, helping them to reduce the cost of handling
cash. Employing over 6,200 people across 31 countries, De La Rue is also
pioneering new technologies worldwide in government identity solutions for
secure passports, identity cards and driver's licences.
For more information visit www.delarue.com
This information is provided by RNS
The company news service from the London Stock Exchange
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