discoverIE has detailed that strong trading has continued through to its March year end, evidencing again the group’s ability to deal successfully with the industry-wide supply chain challenges. Despite semiconductor shortages delaying sales in two of the group’s twenty businesses, reported sales are up +25% (+28% at CER and +20% organically) and we have upgraded FY 2022E EPS by +5% and FY 2023E +2%. The outlook remains positive with orders well ahead of sales, up organically by +36% on last yea ....
14 Apr 2022
discoverIE - Ahead of expectations, EPS upgraded +5%
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discoverIE - Ahead of expectations, EPS upgraded +5%
discoverIE Group PLC (DSCV:LON) | 728 21.9 0.4% | Mkt Cap: 695.4m
- Published:
14 Apr 2022 -
Author:
Guy Hewett -
Pages:
5
discoverIE has detailed that strong trading has continued through to its March year end, evidencing again the group’s ability to deal successfully with the industry-wide supply chain challenges. Despite semiconductor shortages delaying sales in two of the group’s twenty businesses, reported sales are up +25% (+28% at CER and +20% organically) and we have upgraded FY 2022E EPS by +5% and FY 2023E +2%. The outlook remains positive with orders well ahead of sales, up organically by +36% on last yea ....