discoverIE has confirmed trading for the full year to March 2018 has been in line with management expectations reflecting strong growth in year-on-year profitability. This has been supported by sales growth of +15% and rising margins (both gross and operating). We make no changes to our forecasts or target price and reiterate our view that discoverIE is successfully targeting structural growth markets.
19 Apr 2018
Strategy delivering – strong growth in profitability
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Strategy delivering – strong growth in profitability
discoverIE Group PLC (DSCV:LON) | 761 144.6 2.6% | Mkt Cap: 726.4m
- Published:
19 Apr 2018 -
Author:
Guy Hewett -
Pages:
3
discoverIE has confirmed trading for the full year to March 2018 has been in line with management expectations reflecting strong growth in year-on-year profitability. This has been supported by sales growth of +15% and rising margins (both gross and operating). We make no changes to our forecasts or target price and reiterate our view that discoverIE is successfully targeting structural growth markets.