Overview

• De La Rue is in discussions with multiple parties regarding the potential sale of its currency business but has not received concrete offers yet.
• The company recently agreed to sell its authentication division to Crane NXT for £300 million, enabling it to repay debts and reduce its pension deficit.
• Half-year results showed a 16.3% drop in currency business revenue to £94.9 million, though its order book grew to £338 million, the highest in at least five years.
• CEO Clive Vacher highlighted a strong recovery in demand for banknotes globally, driven by low central bank stock levels and the transition to polymer notes.
• De La Rue's statutory pre-tax losses narrowed to £6.5 million from £16.8 million, with the firm projecting full-year underlying earnings in the mid-to-high £20 million range.