De La Rue maintains its 2016 final dividend

DividendMax Ltd.

De La Rue maintains its 2016 final dividend


Full year results in line with trading update on 13 April 2016

Year on year revenue up 7% and underlying operating profit up 2%1

Positive operating cash flow resulting in net debt reduction of £4.9m to £106.1m. Net debt/EBITDA at 1.25x

Underlying earnings per share up 4% to 48.1p1

Final dividend maintained at 16.7p. Full year dividend unchanged at 25.0p.

Group 12 month order book up 62% year-on-year at £365m1, providing good visibility for the year ahead


Banknotes volume up 9% to 7.1bn and Banknote Paper up 6% to 10,000 tonnes, benefiting from overspill contracts

Currency revenue up 11% and underlying operating profit up 9%

Successfully outsourced production of >500m banknotes

Product Authentication and Traceability underlying operating profit up 19% due to reduced costs

Identity Solutions revenue and underlying operating profit lower as a result of expected contractual reduction

Reorganisation from divisional to functional structure completed

10% net average headcount reduction to 3,566 from operational improvements

Companies mentioned