De La Rue faces uncertain future as profits collapse

Profits plummet 87% as firm scrambles to cut costs

Bank of England £10 note
De La Rue has printed Bank of England notes since 1724
De La Rue

The world’s largest commercial banknote printer is facing an uncertain future as it struggles to find a way to manage ballooning debt obligations and sliding profits.

De La Rue, which supplies banknotes to a third of the world’s countries, announced today (November 26) it would suspend dividend payments in order to manage net debt levels as it responds to “identified material uncertainty”.

“The business has experienced an unprecedented period of change,” said chief executive Clive Vacher

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