discoverIE generated another year of strong organic growth, which combined with recent design and manufacturing (D&M) acquisitions, helped expand operating margins and grow underlying EPS by 22%. The company entered FY20 with a strong order book and in line with its growth strategy we expect further higher margin D&M acquisitions which could boost EPS growth to the 15–20% rate it has seen in recent years.
26 Jun 2019
discoverIE Group - Growth strategy drives strong FY19 results
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discoverIE Group - Growth strategy drives strong FY19 results
discoverIE Group PLC (DSCV:LON) | 668 -153.5 (-3.3%) | Mkt Cap: 637.2m
- Published:
26 Jun 2019 -
Author:
Katherine Thompson -
Pages:
15
discoverIE generated another year of strong organic growth, which combined with recent design and manufacturing (D&M) acquisitions, helped expand operating margins and grow underlying EPS by 22%. The company entered FY20 with a strong order book and in line with its growth strategy we expect further higher margin D&M acquisitions which could boost EPS growth to the 15–20% rate it has seen in recent years.