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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Banknote printer De La Rue warns on profits after Covid costs

De La Rue
De La Rue prints the £50 notes featuring the computer scientist Alan Turing.
De La Rue prints the £50 notes featuring the computer scientist Alan Turing. Photograph: AP

The banknote printer De La Rue has issued a profit warning after suffering from higher Covid-19 costs, including staff absences and computer chip shortages.

The company’s adjusted operating profit for the year to 26 March will be between £36m and £40m rather than the £45m to £47m expected by investment bank analysts, it said in trading update. It added that the pandemic would probably cause “incremental headwinds” for the next financial year.

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