In a positive H1 statement discoverIE has confirmed that trading remains in line with full-year expectations. H1 sales were up +26% (+23% at CER and +14% organically) driven by +17% organic growth in Magnetics & Controls and +11% in Sensing & Connectivity. Orders were stronger than expected with a book to bill of 1.07 and the orderbook increased to another record level at £257m (vs. £240m at Q1 and £224m at the start of the financial year). Price rises have offset cost inflation and gross margin ....
13 Oct 2022
discoverIE - Strong growth continues alongside another record orderbook
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discoverIE - Strong growth continues alongside another record orderbook
discoverIE Group PLC (DSCV:LON) | 710 -56.8 (-1.1%) | Mkt Cap: 677.7m
- Published:
13 Oct 2022 -
Author:
Guy Hewett -
Pages:
4
In a positive H1 statement discoverIE has confirmed that trading remains in line with full-year expectations. H1 sales were up +26% (+23% at CER and +14% organically) driven by +17% organic growth in Magnetics & Controls and +11% in Sensing & Connectivity. Orders were stronger than expected with a book to bill of 1.07 and the orderbook increased to another record level at £257m (vs. £240m at Q1 and £224m at the start of the financial year). Price rises have offset cost inflation and gross margin ....