It is reported that De La Rue in 198 began to print banknotes for the Bank of England in 1860. By signing contracts with 140 central banks around the world, the bank has printed about one-third of the world's banknotes and is known as the world's largest commercial banknote printing machine. However, De La Rue has been struggling for two years since the 400 million British passport contract was lost to a company. The accelerated transfer of cash payment to contactless bank card payment and online transfer has also affected it. Just last week, the company's market value shrank by 20%.
According to today's Russian TV station reported on the 8th, De La Rue recently issued a warning of possible bankruptcy, expressing "great doubts" about its future.
NBC quoted Lars Maulde, the investment director of Bell, as saying: "There is no denying that De La Rue's financial situation looks very unstable." It is reported that if Delaware cannot survive, as many as 2,500 employees may face the risk of unemployment.
20 17 12, after Britain left the EU, it stopped issuing red passports with the EU logo and replaced them with dark blue passports. What does this have to do with De La Rue? In fact, De La Rue prints passports and banknotes, and the British government is one of their customers.
But I never imagined that after the passport was revised, the order worth 490 million pounds was taken away by Gemalto. At that time, De La Rue's share price fell by 30%, which is a terrible word.
Two months later, in May of 20 18, Venezuela was unable to pay the "loan" due to inflation, owing 180,000 pounds, which led to a sharp drop in De La Rue's income. 2065438+In May 2009, Martin Sutherland, CEO of Delaware, resigned, and his share price fell by 29%. Two months later, the British government launched a criminal investigation of "suspected corruption".
In this way, De La Rue's share price dropped from more than 700 pounds in 20 17 to more than 700 pounds today.