Updates

DiscoverIE - Trading ahead of expectations

May 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Despite semiconductor shortages delaying sales in two of DiscoverIE’s 20 businesses, it has said it expects full year results to be ahead of expectations. Full year revenues were +28% YoY on constant currency (+17% organically). DiscoverIE continued to see strong order intake in the final two months of FY22, closing the year ahead of board expectations at £224m. With low gearing (despite >£100m in acquisitions in the last year), brokers Jefferies notes it still has c£80m available for further deals. Await finals on 14 June. ...

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