discoverIE Group plc (GB:DSCV) has released an update.
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discoverIE Group plc has reported that its first half earnings are in line with the Board’s expectations, with a strategy that continues to drive margin development and robust earnings despite some customer de-stocking. Sales for the period were slightly lower, but the company has seen a significant increase in design wins, indicative of future revenue growth, and completed the strategic HiVolt acquisition, enhancing its market position. The company remains financially solid with reduced gearing and is poised for further growth as it approaches the release of its interim results in December.
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