discoverIE confirmed a return to organic revenue growth in the last two months of FY21 and 17% organic growth in orders over the same period, helped by robust performance in target markets, which make up more than 70% of revenue. With board expectations for underlying earnings now ahead of the consensus range, we have upgraded our forecasts reflecting higher revenue and lower interest expense, resulting in an upgrade to underlying EPS of 7.7% for FY21e and 3.3% EPS for FY22e.
21 Apr 2021
discoverIE Group - Strong finish to year prompts upgrades
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 - Strong finish to year prompts upgrades
discoverIE Group PLC (DSCV:LON) | 761 0 0.0% | Mkt Cap: 726.4m
- Published:
21 Apr 2021 -
Author:
Katherine Thompson -
Pages:
3
discoverIE confirmed a return to organic revenue growth in the last two months of FY21 and 17% organic growth in orders over the same period, helped by robust performance in target markets, which make up more than 70% of revenue. With board expectations for underlying earnings now ahead of the consensus range, we have upgraded our forecasts reflecting higher revenue and lower interest expense, resulting in an upgrade to underlying EPS of 7.7% for FY21e and 3.3% EPS for FY22e.