News

Continued strong demand for banknotes has boosted De La Rue as it shrugs off the credit crunch and predicts continued growth.

In a statement to the stock exchange this morning, Nicholas Brookes, chairman of the security printer, said the company expects to experience "year-on-year volume and revenue growth".

He added: "The order books in both divisions remain at a four-year high. In currency, we expect this to result in the business continuing to operate at high levels of capacity throughout the remainder of the year."

The predicted growth comes on the back of a solid performance in the last financial year which saw the Basingstoke-based printer post a 9.6% increase in revenues.

De La Rue has also been granted approval to dispose of its Cash Systems business following a £360m deal with private equity house The Carlyle Group.