De La Rue PLC 2015 AGM Chairman's Statement (8298T)
July 23 2015 - 2:00AM
UK Regulatory
TIDMDLAR
RNS Number : 8298T
De La Rue PLC
23 July 2015
2015 AGM CHAIRMAN'S STATEMENT
At De La Rue plc's Annual General Meeting ("AGM") being held
today, the Chairman, Philip Rogerson, will make the following
statement in respect of the period 29 March 2015 to today's
date.
First Quarter Trading
The Group's trading for the period has been satisfactory and in
line with the Board's expectations and the Group's order book has
increased substantially since the year end.
In Currency, although market conditions remain challenging, we
have been successful in securing and confirming a number of
important orders. At this early stage of the financial year over 90
per cent of the orders required to assure the sales and production
targets for 2015/16 are confirmed. We also have an encouraging
pipeline of orders for delivery in the next financial year.
Identity Systems and Security Products have traded in line with
our expectations, but Cash Processing Solutions has experienced
difficult trading conditions.
Dividend
Subject to shareholder approval at today's AGM, the proposed
final dividend for the period ended 28 March 2015 of 16.7p per
share will be paid on 3 August 2015 to shareholders on the register
at the close of business on 3 July 2015.
Outlook
Based on current production and shipment schedules agreed with
customers we expect the financial performance of the Group to have
a higher than usual weighting towards the second half of the
2015/16 financial year. This is particularly the case within
Currency where approximately 70 per cent of the year's production
is scheduled to be shipped in the second half.
With the satisfactory performance in the first quarter and the
Group's strong order book the Board's overall expectations for
2015/16 remain unchanged.
ENDS
Enquiries:
De La Rue plc +44 (0)1256 605000
Philip Rogerson, Chairman
Martin Sutherland, Chief Executive Officer
Colin Child, Chief Financial Officer
Brunswick +44 (0)207 404 5959
Jon Coles
Oliver Hughes
NOTES FOR EDITORS:
De La Rue is a leading commercial banknote printer, security
paper maker and provider of security products and software
solutions and, as a trusted partner of governments, central banks
and commercial organisations around the world, is at the forefront
of the battle against the counterfeiter.
As the world's largest commercial banknote printer, De La Rue
provides customers with a fully integrated range of sophisticated
products and services which are available either individually or as
a whole. This includes a leading design capability, production of
innovative security components, manufacture of security paper and
polymer substrates and sophisticated printing of banknotes, all
contributing to trust in the integrity of currencies.
De La Rue is the world's largest commercial passport
manufacturer in an environment of increasing global concern over
security at national boundaries and border control. De La Rue also
produces a wide range of other security products, including tax
stamps for governments who are seeking to combat illicit trade and
collect excise duties. Other products include authentication
labels, assuring purchasers of product validity, and government
identity documents. In addition the Group manufactures high speed
cash sorting and banknote inspection equipment.
De La Rue also provides a range of specialist services and
software solutions including government identity schemes, product
authentication systems and cash management processing
solutions.
De La Rue is listed on the London Stock Exchange (LON:DLAR).
www.delarue.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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