In Q123, discoverIE saw a continuation of the strong organic growth reported in FY22, with revenue 17% higher y-o-y on an organic basis and 27% higher at constant exchange rates (CER). Book-to-bill was 1.09x for the quarter and the period-end orderbook was 40% higher year-on-year on an organic basis. With underlying Q123 earnings ahead of the board’s expectations, we have upgraded our underlying EPS forecasts by 4.0% in FY23 and 3.2% in FY24.
29 Jul 2022
discoverIE Group - Upgrading on strong organic growth
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discoverIE Group - Upgrading on strong organic growth
discoverIE Group PLC (DSCV:LON) | 693 13.9 0.3% | Mkt Cap: 661.5m
- Published:
29 Jul 2022 -
Author:
Katherine Thompson -
Pages:
4
In Q123, discoverIE saw a continuation of the strong organic growth reported in FY22, with revenue 17% higher y-o-y on an organic basis and 27% higher at constant exchange rates (CER). Book-to-bill was 1.09x for the quarter and the period-end orderbook was 40% higher year-on-year on an organic basis. With underlying Q123 earnings ahead of the board’s expectations, we have upgraded our underlying EPS forecasts by 4.0% in FY23 and 3.2% in FY24.