In a trading update released yesterday (7 April) regarding the financial year ending 26 March 2022, the security printer also said its net debt was expected to be “slightly better” than the market expectations of £75m.

De La Rue’s share price climbed by 4% to 108.6p in early trading yesterday following the release of the trading update and was up again this morning, standing at 109.4p at the time of writing. The company’s share price had plunged in January after a profit warning.

De La Rue is planning to announce its full-year results on 25 May 2022.

Earlier this month the business said it had agreed with its pension fund, De La Rue Pension Trustee, to bring forward an actuarial valuation of its pension scheme from the originally scheduled 31 December 2022.