De La Rue Reports Strong Order Book, Equity Sale Talks Underway

De La Rue has announced its half-year results for the six months ending 28 September 2024. The company reported strong financial performance, continued growth in its order book, and strategic development with the proposed sale of its Authentication business to Crane NXT.

Revenue for the first half of FY25 was £94.9 million, down from £113.4 million in the same period last year. This reflects the shifting timing of certain customer deliveries, which are now expected in the second half of the fiscal year.

Despite the slight dip in revenue during the first half of FY25, De La Rue has reiterated its full-year guidance, projecting an adjusted operating profit in the range of £20-30 million. The outlook for the year’s second half is positive, with the currency business expected to convert a substantial portion of the current order book into sales.