De La Rue trading well

Banknote and security printer De La Rue has traded in line with expectations for the second half of the financial year, the firm said.

The Currency division has continued the good progress of the first half with improved volumes and revenues. Order intake and enquiries remain good and consistent with those at September 24th 2011.

The Solutions division continues to grow at similar levels to those reported in the first half.

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Implementation of the Improvement Plan is progressing well with further cost reductions being achieved. The company was also keen to emphasise that the early results of revenue growth initiatives are encouraging.

"Overall the board remains confident that the group's trading and financial performance for the year is in line with its expectations," the firm said in a statement.

NR