
20 Apr 2021
discoverIE - Ahead of expectations and strong order growth
Management has confirmed a strong finish to FY 2021, ahead of the upper end of expectations, and we have upgraded FY 2021E and 2022E EPS by 3%. Trading momentum has continued to strengthen, with group orders increasing by +17% organically in the last two months of the year (led by Asia), laying the foundations for a good start to FY 2022. We reiterate our view that discoverIE is resilient, flexible and well positioned for growth in the structurally growing markets of Renewable Energy, Transporta ....

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discoverIE - Ahead of expectations and strong order growth
discoverIE Group PLC (DSCV:LON) | 703 77.3 1.6% | Mkt Cap: 677.4m
- Published:
20 Apr 2021 -
Author:
Guy Hewett -
Pages:
4 -
Management has confirmed a strong finish to FY 2021, ahead of the upper end of expectations, and we have upgraded FY 2021E and 2022E EPS by 3%. Trading momentum has continued to strengthen, with group orders increasing by +17% organically in the last two months of the year (led by Asia), laying the foundations for a good start to FY 2022. We reiterate our view that discoverIE is resilient, flexible and well positioned for growth in the structurally growing markets of Renewable Energy, Transporta ....