discoverIE’s trading update for the first four months of FY21 confirms that orders are moving in the right direction, with month-on-month increases in June and July. Revenues are down 8% y-o-y on a reported basis, in line with expectations. While COVID-19 is likely to present ongoing challenges in the short term, the company is confident it has the resources to manage the business through this and is well positioned to take advantage of growth opportunities post COVID-19, highlighting i
03 Aug 2020
discoverIE Group - Confident outlook
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discoverIE Group - Confident outlook
discoverIE Group PLC (DSCV:LON) | 691 -110.6 (-2.3%) | Mkt Cap: 659.6m
- Published:
03 Aug 2020 -
Author:
Katherine Thompson -
Pages:
3
discoverIE’s trading update for the first four months of FY21 confirms that orders are moving in the right direction, with month-on-month increases in June and July. Revenues are down 8% y-o-y on a reported basis, in line with expectations. While COVID-19 is likely to present ongoing challenges in the short term, the company is confident it has the resources to manage the business through this and is well positioned to take advantage of growth opportunities post COVID-19, highlighting i