discoverIE reported FY20 results ahead of our forecasts for underlying operating profit and EPS. Looking through short-term COVID-19-related disruption, the company has set new strategic targets for the next five years. These are a continuation of the strategy to grow the Design & Manufacturing business organically and via acquisition and include the target to increase the group operating margin from 8.5% (pro forma) to 12.5%. We maintain our normalised operating profit and EPS forecasts.
30 Jun 2020
discoverIE Group - Looking beyond the pandemic
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
discoverIE Group - Looking beyond the pandemic
discoverIE Group PLC (DSCV:LON) | 691 0 0.0% | Mkt Cap: 659.6m
- Published:
30 Jun 2020 -
Author:
Katherine Thompson -
Pages:
9
discoverIE reported FY20 results ahead of our forecasts for underlying operating profit and EPS. Looking through short-term COVID-19-related disruption, the company has set new strategic targets for the next five years. These are a continuation of the strategy to grow the Design & Manufacturing business organically and via acquisition and include the target to increase the group operating margin from 8.5% (pro forma) to 12.5%. We maintain our normalised operating profit and EPS forecasts.