discoverIE Group - Strong growth in D&M continues

discoverIE continues to see a strong trading environment, with reported year-on-year revenue growth of 13% for Q318, and organic constant currency growth of 7%. Order intake was 4% higher on an organic basis, with strong growth from Design & Manufacturing. Management anticipates that trading is in line to meet its expectations for FY18 and we leave our estimates unchanged. The addition of outgoing Diploma CEO, Bruce Thompson, as a non-executive director should bring a wealth of experience in growing an international business.