discoverIE’s H1 results confirm it is making continued good progress with its strategy to build its design and manufacturing (D&M) business. Underlying organic group revenue growth of 5% was boosted by higher margin acquisitions and the group is fast approaching its mid-term operating margin target. Targeting higher growth markets within D&M and focusing on efficiency in Custom Supply supports ongoing growth in revenues and profitability.

09 Dec 2019
discoverIE Group - Focus on growth markets paying off

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discoverIE Group - Focus on growth markets paying off
discoverIE Group PLC (DSCV:LON) | 706 -49.5 (-1.0%) | Mkt Cap: 680.8m
- Published:
09 Dec 2019 -
Author:
Katherine Thompson -
Pages:
7 -
discoverIE’s H1 results confirm it is making continued good progress with its strategy to build its design and manufacturing (D&M) business. Underlying organic group revenue growth of 5% was boosted by higher margin acquisitions and the group is fast approaching its mid-term operating margin target. Targeting higher growth markets within D&M and focusing on efficiency in Custom Supply supports ongoing growth in revenues and profitability.