9th Feb 2007 07:01
De La Rue PLC09 February 2007 DE LA RUE PLC TRADING UPDATE The Board of De La Rue plc today issues the following trading update in respectof the year ending 31 March 2007: Trading since the interim announcement has been stronger than expected acrossall areas of the Group. Within Security Paper and Print, the banknote and paper businesses are operatingat 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 builton the impetus gained in the first half and, in particular, demand in the NorthAmerican Teller Automation market has remained strong. During the period, thedivision has also benefited from a number of large one-off orders in the DesktopProducts and OEM (cash dispensing mechanisms) businesses. Increased interest income, reflecting more favourable cash flow, together withimproved income from associates are expected to benefit the second half. Overall, the Board now expects full year profit before tax, amortisation andexceptional items to be significantly ahead of market consensus forecasts (seenote 1 below). De La Rue anticipates entering the new financial year with good visibility forthe first half in Security Paper and Print. The Board therefore remainsconfident of the outlook for 2007/2008. -ends- 9 February 2007 For further information please contact: Stephen King Group Finance Director +44 (0) 1256 605307Mark Fearon Head of Corporate Affairs +44 (0) 1256 605303Richard 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 ExchangeRelated Shares:
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