Company Profile

De La Rue is set to become a pure-play global leader in the design and manufacture of banknotes. This will occur on completion of the announced sale of its Authentication business (October 15th 2024 for £300m) and our expectation of deal completion in late March 2025, when the De La Rue balance sheet will be transformed and will have a cash pile of over £70m. This stronger balance sheet, improving order book and enhanced profitability profile should be attractive to equity investors and/or potential trade buyers. The Board has some firepower to invest organically, and potentially inorganically, to help complement the cyclicality of the Currency industry.