De La Rue PLC Trading Update (1289C)

TIDMDLAR

RNS Number : 1289C

De La Rue PLC

15 October 2020

15 October 2020

DE LA RUE PLC

TRADING UPDATE

De La Rue plc (LSE: DLAR) ("De La Rue") today announces a trading update for the six months ended 26 September 2020.

Trading for the financial year 2020/21 to date has been positive, with revenue and adjusted operating profit for the first half in line with the Board's expectations. Net debt at the half year was lower than expected due mainly to the phasing of capital expenditure and positive working capital movements. Net debt for the full year is forecast to be in line with the Board's expectations.

De La Rue expects to announce its results for the six months ended 26 September 2020 on 25 November 2020.

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

Enquiries:

 
 De La Rue plc       [phone] 
 Clive Vacher        Chief Executive Officer 
 Rob Harding         Chief Financial Officer 
 Matthew Rose        Director of Tax, Treasury and Investor 
                      Relations 
 
 Brunswick           [phone] 
 Stuart Donnelly 
 Imran Jina 
 

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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October 15, 2020 02:00 ET (06:00 GMT)