Report

De La Rue - Securing the future

De La Rue remains challenged. New management has to navigate a difficult Currency market and consequent concern over its finances. The swift response in terms of a turnaround programme is a positive start, accelerating cost cutting initiatives and cash management measures, including suspension of the dividend. Restoring stability and rebuilding confidence in the investment case is likely to take some time.
Underlying
De La Rue PLC

De La Rue provides governments, central banks and businesses with a range of security products, software solutions and services that underpin the integrity of trade, personal identity and the movement of people and goods. Co. has three segments: Currency, which provides printed banknotes, banknote paper and polymer substrates and banknote security components; Identity Solutions, which involves the provision of passport, ePassport, national ID and eID, driving licence and voter registration schemes; as well as Product Authentication and Traceability, which produces security documents, including authentication labels, brand licensing products, government documents, cheques and postage stamps.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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