discoverIE’s H1 results confirm it is making continued good progress with its strategy to build its design and manufacturing (D&M) business. Underlying organic group revenue growth of 5% was boosted by higher margin acquisitions and the group is fast approaching its mid-term operating margin target. Targeting higher growth markets within D&M and focusing on efficiency in Custom Supply supports ongoing growth in revenues and profitability.
09 Dec 2019
discoverIE Group - Focus on growth markets paying off
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discoverIE Group - Focus on growth markets paying off
discoverIE Group PLC (DSCV:LON) | 694 -27.7 (-0.6%) | Mkt Cap: 662.0m
- Published:
09 Dec 2019 -
Author:
Katherine Thompson -
Pages:
7
discoverIE’s H1 results confirm it is making continued good progress with its strategy to build its design and manufacturing (D&M) business. Underlying organic group revenue growth of 5% was boosted by higher margin acquisitions and the group is fast approaching its mid-term operating margin target. Targeting higher growth markets within D&M and focusing on efficiency in Custom Supply supports ongoing growth in revenues and profitability.