14 Oct 2022
discoverIE Group - Robust H123 order intake drives record orderbook
In H123, discoverIE reported strong organic growth in revenue and orders, with a book-to-bill of 1.07x and a record order book at the end of H1. Gross margins have been resilient, despite various supply chain challenges, and the company is adding new production capacity in India. The company is on track to deliver underlying earnings in line with board expectations for FY23; we maintain our forecasts.
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discoverIE Group - Robust H123 order intake drives record orderbook
discoverIE Group PLC (DSCV:LON) | 691 -110.6 (-2.3%) | Mkt Cap: 659.6m
- Published:
14 Oct 2022 -
Author:
Katherine Thompson -
Pages:
3
In H123, discoverIE reported strong organic growth in revenue and orders, with a book-to-bill of 1.07x and a record order book at the end of H1. Gross margins have been resilient, despite various supply chain challenges, and the company is adding new production capacity in India. The company is on track to deliver underlying earnings in line with board expectations for FY23; we maintain our forecasts.