De La Rue PLC (LSE:DLAR), the banknote and official documents printer, said trading in the six months to the end of September has been positive.
The group said trading had been good in both of its divisions (Currency and Authentication) and that it continues to reap the benefit of its turnaround plan and cost reduction activities.
The outlook for the financial year 2021/22 continues to be in line with the board’s expectations.
Net debt at the end of September was lower than expected and less than at the end of the financial year 2020/21. This was as a result of both the phasing of capital expenditure and strong cash collections, De La Rue said. The outlook for net debt for the full year remains in line with the board’s expectations.
