De La Rue lifts half-year profit outlook

6th Oct 2023 07:50

(Sharecast News) - Banknote printer De La Rue said on Friday that first-half adjusted operating profit was set to be "marginally ahead" of previous guidance, as it backed its expectations for the full year.

In an update for the year to the end of September, De La Rue said it also now expects net debt to be better than previous guidance, in the low £80m range.

The company had previously guided to adjusted operating profit in the low £20m range for the full year, and broadly break even for the first half. It had also said net debt would rise to around £100m at both half and full year.

Interim results are due on 19 December.

At 0805 BST, the shares were up 3.3% at 62.50p.