discoverIE has reported a strong set of results for FY 2018 with EPS up +16% and a continuing positive outlook supported by a +12% increase in the order book. Gross margins improved in H2 and operating margins have increased again, year-on-year, evidencing the continued move up the value chain. We make no changes to our forecasts but upgrade our target price from 456p to 488p based on our sum-of-the-parts and highlight discoverIE remains a strong play on technological change, a clear and long
05 Jun 2018
discoverIE - Driven by technological change
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discoverIE - Driven by technological change
discoverIE Group PLC (DSCV:LON) | 668 -153.5 (-3.3%) | Mkt Cap: 637.2m
- Published:
05 Jun 2018 -
Author:
Guy Hewett -
Pages:
8
discoverIE has reported a strong set of results for FY 2018 with EPS up +16% and a continuing positive outlook supported by a +12% increase in the order book. Gross margins improved in H2 and operating margins have increased again, year-on-year, evidencing the continued move up the value chain. We make no changes to our forecasts but upgrade our target price from 456p to 488p based on our sum-of-the-parts and highlight discoverIE remains a strong play on technological change, a clear and long