discoverIE has reported a strong set of H1 results with sales up +21% (+15% organic), operating margins up 0.8ppts and underlying EPS up +37%. The interim dividend has been raised by 6%, with the Board highlighting the strategy can fund sustainable dividend growth and a higher level of investment in acquisitions from internally generated resources. With a £50m inflow in H2 from the disposal of the distribution businesses, acquisition-led upgrades are highly likely to follow, in addition to the 4 ....
30 Nov 2021
discoverIE - Strength of the growth model evidenced again
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discoverIE - Strength of the growth model evidenced again
discoverIE Group PLC (DSCV:LON) | 761 0 0.0% | Mkt Cap: 726.4m
- Published:
30 Nov 2021 -
Author:
Guy Hewett -
Pages:
8
discoverIE has reported a strong set of H1 results with sales up +21% (+15% organic), operating margins up 0.8ppts and underlying EPS up +37%. The interim dividend has been raised by 6%, with the Board highlighting the strategy can fund sustainable dividend growth and a higher level of investment in acquisitions from internally generated resources. With a £50m inflow in H2 from the disposal of the distribution businesses, acquisition-led upgrades are highly likely to follow, in addition to the 4 ....