bullish
discoverIE Group - Upgrading on strong organic growth
SUMMARY
discoverIE saw trading in Q122 continue in the same vein as H221, with strong organic revenue growth on a year-on-year and pre-COVID-19 basis. Order intake was well ahead of revenue and the order book grew 22% from the end of FY21. We have upgraded our forecasts to reflect stronger organic growth, resulting in upgrades to our EPS forecasts of 3% in FY22 and 2% in FY23.
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- discoverIE Group - Upgrading on strong organic growth30 Jul 2021
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