The 211-year-old bank note printer reported a 7.6% drop in underlying earnings to £7.3 million for the six months to September 30.
The group reported a 7.6% drop in underlying earnings to £7.3 million for the six months to September 30 as revenues fell 10.2%. The 211-year-old group agreed the sale of its authentication arm to US-based firm Crane NXT in October in a deal worth £300 million. The deal with Crane NXT will allow it to repay the loan in full, while also helping reduce the funding deficit on its former defined benefit pension scheme, according to De La Rue.In its half-year results, the group insisted its currency business had a brighter outlook thanks to recent contract wins, with its order book standing at £251.7 million at the end of September, up from £239.2 million as at March 30.