ANALYST VIEWS: WHAT DID YOU MAKE OF DE LA RUE’S INTERIM STATEMENT?
JONATHAN JACKSON | KILLIK & CO
“The interim management statement was in line with expectations. Trading has been strong, with banknote and paper volumes showing an increased run rate. Results appear to be well ahead of last year.”
PAUL JONES | PANMURE GORDON
“We see little reason to change our forecasts on the back of this statement, leaving the shares in “hold” territory. De La Rue continues to trade in line with expectations. This is offset by cash processing, which remains difficult.”
ANDREW DARKE | AMBRIAN
“We reiterate our “buy” recommendation. The dynamics driving the trading outlook remains excellent, with the combination of market position, reputation and intellectual property providing a high-quality earnings stream.”