De La Rue PLC (OTCPK:DLUEY)
$ 3.6675 0 (0%) Market Cap: 239.74 Mil Enterprise Value: 384.25 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 73/100
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Full Year 2020 De La Rue PLC Earnings Call Transcript

Jun 17, 2020 / 08:00AM GMT
Release Date Price: $6.11 (+4.44%)
Paul Sharma
De La Rue plc - Head of IR

Good morning, everybody, and welcome to the De La Rue Full Year Results Webcast. I'm Paul Sharma, Investor Relations. With me today is Clive Vacher, CEO; and Rob Harding, CFO. Before we start, I'd like to just draw your attention to the slide pack, and you should read Page 25 in conjunction with this presentation. Thank you. Now I'm going to pass over to Clive.

Clive Graham Vacher
De La Rue plc - CEO & Executive Director

Thank you, Paul, and welcome to De La Rue's Full Year Results Presentation. If we can start on Slide 3.

Back in November 2019, when we announced our midyear results, we committed to a much stronger second half of the financial year than first half. And at that time, we stated that adjusted operating margin will be in the range of GBP 20 million to GBP 25 million for the full year. We ended the year well within that range at GBP 23.7 million. We also wasted no time in starting the cost-out activities and in positioning the company to compete harder in the marketplace.

As a result,

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