discoverIE Group plc (GB:DSCV) has released an update.
discoverIE Group plc has reported a robust financial performance for the year ended 31 March 2024, with underlying operating profit up by 16% on a constant exchange rate basis and a notable improvement in operating margin. Despite a slight decrease in statutory revenue, the company has seen strong organic sales growth in medical, renewable, and transportation markets, while also completing five high-margin acquisitions. With a strong pipeline of design wins and acquisition opportunities, discoverIE remains well-positioned for continued growth and maintains its full-year expectations.
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