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    DLAR   GB00B3DGH821

DE LA RUE PLC

(DLAR)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/15 11:35:09 am
173 GBX   +1.88%
09/15DE LA RUE : Plans Expansion of Malta Factory
MT
09/15De La Rue plc Announces Upgrade to Facilities in Malta
CI
09/14DE LA RUE : Announces Upgrade to Malta Site
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

De La Rue plc Announces Upgrade to Facilities in Malta

09/15/2021 | 02:00am EDT

De La Rue plc announced an upgrade to the Group's facilities in Malta, increasing its existing 14,000 square-metre factory to become a 29,000 square-metre, state-of-the-art, manufacturing site. This investment is supported by Malta's economic development agency, Malta Enterprise, and the Government of Malta. This project is a progression of De La Rue's strategy, aligning to, and supporting, the Turnaround Plan for both divisions. It will be delivered without exceeding the original total of £79.8 million investment outlined in the Turnaround Plan. Approximately 100 new jobs will be created in Malta as a result of this investment as the expansion will be delivered progressively with the majority of the work targeted for completion by the end of 2024. The new facility will be larger, more modern and more energy efficient, while improving the capability, flexibility, and efficiency of De La Rue's overall footprint. In line with the growth expectations of the Turnaround Plan and beyond, it will double the capacity for tax stamps and brand protection labels for the Group's Authentication division. It will also extend De La Rue's industry 4.0 journey, with manufacturing fully integrated with the Company's traceability software platforms. For Currency, it will create the largest banknote facility in De La Rue's portfolio, provide a more flexible manufacturing footprint, and further solidify the Company's Business Continuity Plan. It marks a continuation in De La Rue's progression towards more sustainable manufacturing, which in turn supports the Group's customers to reduce their environmental impact.


© S&P Capital IQ 2021
All news about DE LA RUE PLC
09/15DE LA RUE : Plans Expansion of Malta Factory
MT
09/15De La Rue plc Announces Upgrade to Facilities in Malta
CI
09/14DE LA RUE : Announces Upgrade to Malta Site
PU
08/31DE LA RUE : Central Bank of São Tomé e Príncipe issues currency update
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08/18DE LA RUE : Royal Bank of Scotland issue new £50 printed on De La Rue's SAFEGUARD®
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08/04DE LA RUE : Cook Islands issue new $3, printed on SAFEGUARD®
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06/17DE LA RUE : What's driving De La Rue's fast-growing authentication business?
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05/26DE LA RUE : Banknote printer De La Rue bags Bank of England contracts for new notes
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05/26De La Rue plc Appoints Margaret Rice-Jones as Senior Independent Director
CI
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More news
Analyst Recommendations on DE LA RUE PLC
More recommendations
Financials
Sales 2022 407 M 559 M 559 M
Net income 2022 25,7 M 35,3 M 35,3 M
Net Debt 2022 77,4 M 106 M 106 M
P/E ratio 2022 13,2x
Yield 2022 -
Capitalization 338 M 465 M 463 M
EV / Sales 2022 1,02x
EV / Sales 2023 0,90x
Nbr of Employees 2 239
Free-Float 96,7%
Chart DE LA RUE PLC
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De La Rue plc Technical Analysis Chart | DLAR | GB00B3DGH821 | MarketScreener
Technical analysis trends DE LA RUE PLC
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 173,00 GBX
Average target price 240,00 GBX
Spread / Average Target 38,7%
EPS Revisions
Managers and Directors
Clive Vacher Chief Executive Officer & Executive Director
Rob Harding Chief Financial Officer & Executive Director
Kevin Loosemore Chairman
Maria da Cunha Independent Non-Executive Director
Nicholas Paul Seaton Bray Independent Non-Executive Director
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