Full Year Results 

De La Rue struggles with identity crisis

De La Rue struggles with identity crisis

Since losing out on the contract to produce the UK's post-Brexit passports last year, De La Rue (DLAR) has struggled to convince shareholders it can redeem itself. News of an £18.1m exceptional charge for uncollected balances from the Venezuelan Central Bank highlighted the group's failure to diversify away from currency printing, with FY2019 earnings falling substantially short of consensus market expectations. What's more, management expects flat group revenue and operating profit to be “somewhat lower” this year. It comes as little surprise that chief executive Martin Sutherland is stepping down. 

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