discoverIE announced two acquisitions for a total cost of £77m cash and a placing to raise £55m at the beginning of September. We have upgraded FY 2022E EPS by 4.5% and FY 2023E EPS by 8.0%. The acquisitions fit entirely with the long-established growth strategy, create further organic growth opportunities in the Group’s target markets (particularly medical and industrial & connectivity), significantly increase the footprint in North America and enhance margins by c.0.8ppts on a proforma basis. ....
15 Sep 2021
discoverIE - High-margin products into core target markets
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discoverIE - High-margin products into core target markets
discoverIE Group PLC (DSCV:LON) | 706 0 0.0% | Mkt Cap: 674.4m
- Published:
15 Sep 2021 -
Author:
Guy Hewett -
Pages:
7
discoverIE announced two acquisitions for a total cost of £77m cash and a placing to raise £55m at the beginning of September. We have upgraded FY 2022E EPS by 4.5% and FY 2023E EPS by 8.0%. The acquisitions fit entirely with the long-established growth strategy, create further organic growth opportunities in the Group’s target markets (particularly medical and industrial & connectivity), significantly increase the footprint in North America and enhance margins by c.0.8ppts on a proforma basis. ....