De La Rue plc announces its full-year results for the period ended March 30, 2024. The companys revenue for the year was £310.3 million, down from £349.7 million in the previous year. The companys adjusted operating profit was £21 million, down from £27.8 million in the previous year. The companys IFRS operating profit was £5.8 million, an improvement from a loss of £20.3 million in the previous year. The companys loss before taxation was £15.4 million, down from a loss of £29.6 million in the previous year. The companys adjusted basic EPS was (5.3)p, down from (1.5)p in the previous year. The companys IFRS basic EPS was (10.2)p, down from (28.6)p in the previous year. The companys net debt was £89.4 million, up from £82.4 million in the previous year. The companys Authentication division saw a revenue increase of 12.5% to £103.2 million, surpassing its £100 million target. The division also secured multi-year renewals on four significant contracts, with expected future revenues of over £150 million. The companys Currency division saw a revenue decrease of 18.7% to £207.1 million. The divisions adjusted operating profit was £6.4 million, down from £13.6 million in the previous year. The companys Board is confident that one or more of the workstreams related to the potential sale of the companys divisions will be concluded, allowing the company to repay its RCF before its expiration on July 1, 2025.
| Year | Revenue | Gross Profit | Adjusted Operating Profit | IFRS Operating Profit/Loss | Net Debt |
|---|---|---|---|---|---|
| 2024 | 310.3 | 85.9 | 21.0 | 5.8 | 89.4 |
| 2023 | 349.7 | 92.1 | 27.8 | -20.3 | 82.4 |
| Change | -11.3% | -6.7% | -24.5% | +128.6% | +8.5% |