LONDON, May 24, 2011 /PRNewswire/ --
Speaking to financial broadcaster http://www.cantos.com, De La Rue Chief Executive Tim Cobbold says he has ambitious plans for the future and has announced a comprehensive new improvement plan.
"Our goal here is to restore the business to an operating profit in excess of GBP100m per annum. And we think you'll see the improvements coming through over the next three years."
Cobbold confirms there is no progression on talks with De La Rue's principle customer, but that their reputation in the market is still a strong one, and order in-takes from loyal customers have not been affected.
He re-iterates a company-wide focus on innovation and cost-cutting, revealing plant closures and redundancies may be on the horizon.
The interview and transcript are available now on http://www.cantos.com/company/De%20La%20Rue.
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SOURCE De La Rue