Nov 26, 2019 / 09:00AM GMT
Clive Graham Vacher - De La Rue plc - CEO & Executive Director
Okay. Good morning, and welcome to the De La Rue First Half 2019/'20 Results. I'm Clive Vacher, the CEO of De La Rue.
Today, I'd like to give you an overview of the first half, including actions we are taking in light of our performance as well as to provide a high-level business update. Then our CFO, Helen Willis, will look at our financial results in more detail. I will then cover the operational performance of our reporting segments and then how we plan to move forward as a business in more detail.
In the first half of 2019/'20, we have seen significant changes since the start of the financial year in the market for Currency, which has resulted in reduced overall demand in our markets and price pressure.
Adjusted revenue for Currency was down 29.5% year-on-year, and we expect this will take some time for the market to normalize.
At the same time, we've seen a strong growth in our Product Authentication & Traceability business, up 70.1% year-on-year, which, however, has not offset the headwinds
Half Year 2020 De La Rue PLC Earnings Call Transcript
Feb 13, 2024
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