May 30, 2019 / 08:00AM GMT
Martin Sutherland - De La Rue plc - CEO & Director
All right. Are we all here? Thanks so much for coming along to the full year results presentation for De La Rue. I'm going to take us through the headlines, usual format, and then I'm going to hand over to Helen to go through the finances. And then it'll come back to me to give you an operational update on the year just closed and also an update on our strategy moving forward.
Okay. So the overview. I think we've achieved a reasonable performance during the year. Revenues are up 12%, and adjusted operating profit is up 6% year-on-year. Net debt increased to GBP 107.5 million from approximately GBP 50 million this time last year, primarily driven by higher trade receivables, including outstanding balances relating to Venezuela. And I think Helen is going to dig into that in a little bit more detail when we get to her section of the presentation.
We continue to make good progress against our strategy. Our growth businesses performed well during the year with Polymer volumes, up 23%; Security Features revenues, up 38% year-on-year; and
Full Year 2019 De La Rue PLC Earnings Call Transcript
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