De La Rue Explores Sale of Currency Business Amid Financial Recovery

The 211-year-old banknote printer reports improved order book levels and ongoing talks with potential buyers while finalizing the sale of its authentication division.

De La Rue is in discussions with multiple parties regarding the potential sale of its currency business but has not received concrete offers yet.
The company recently agreed to sell its authentication division to Crane NXT for £300 million, enabling it to repay debts and reduce its pension deficit.
Half-year results showed a 16.3% drop in currency business revenue to £94.9 million, though its order book grew to £338 million, the highest in at least five years.
CEO Clive Vacher highlighted a strong recovery in demand for banknotes globally, driven by low central bank stock levels and the transition to polymer notes.
De La Rue's statutory pre-tax losses narrowed to £6.5 million from £16.8 million, with the firm projecting full-year underlying earnings in the mid-to-high £20 million range.