A business which supplies currency and authentication solutions is expecting to perform better than previously forecast.
Hampshire-based De La Rue reported a ‘solid performance’ from its authentication division for the year ended 29 March 2025.
The firm announced the £300m sale of this division to US-based Crane NXT last October – expected to complete in the first half of 2025.
Meanwhile, the order book for its currency business – also up for sale – stood at £347m as of the end of January, with growth expected to be significantly higher than previously guided in the firm’s half-year results.
“The currency division is now benefitting from the success we have had in transforming the business over the last five years, with a substantial upward increase in activity predicted by the growing order book,” said chief executive Clive Vacher.
“With sales for the 2026 financial year now largely contracted and the proposed sale of authentication proceeding as planned, we will be able to focus on delivering finished banknotes, polymer and security features to our currency customers efficiently and effectively.
“We expect our next financial year to bring a significant escalation in the performance of our currency business.”
