De La Rue order book strong, FY expectations unchanged

Banknote manufacturer De La Rue said on Thursday that its order book remains strong at the end of the first quarter and its expectations for 2017/18 are unchanged.

The company said the order book provides good visibility and "confidence at this early stage of the financial year".

Based on the current production and shipment schedules, De La Rue's performance is expected to be weighted towards the second half, in line with previous years. While there was an unfavourable mix of orders in the first quarter, this is expected to normalise throughout the rest of the year.

At 1035 BST, the shares were down 0.6% to 655p.