Customised electronics maker discoverIE enjoys strong first half
First-half sales grew 13% year-on-year and with the order book continuing to increase, discoverIE said it is well-positioned to grow further in the second half
Company
LON:DSCV
discoverIE Group PLC is an international group of businesses that design and manufacture innovative electronic components for industrial applications. The group provides application-specific components to original equipment manufacturers (OEMs) internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. By designing components that meet customers’ unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long-term customer relationships.
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First-half sales grew 13% year-on-year and with the order book continuing to increase, discoverIE said it is well-positioned to grow further in the second half
Investments and investor services
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Thursday
Hardware & electrical equipment
The maker and supplier of customised electronics ended the quarter with a record order book of £135mln
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the main news-driven risers and fallers in London on Tuesday afternoon ...
Investments and investor services
The UK blue-chip benchmark closed around four points higher at 7,692
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Tuesday
The customised electronics maker implemented the efficiency and cost reduction plan 18 months ago in a bid to boost profitability and it looks to be working
The UK's index of leading shares finished down around 54 points at 7,686 on Tuesday.
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The day-ahead includes full-year numbers from online electricals retailer AO World and omni-channel fast fashion womenswear brand Quiz PLC, as well as the latest UK services sector PMI
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Aside from a trading update from WH Smith, the Week Ahead will also bring full-year results from the likes of AO World, CMC Markets, Auto Trader, and MITIE Group
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A glance at some of the day's highlights from the Proactive Investors newswire
Archive
MYCELX now expects full-year revenues to be in the range of US$16-17mln after the new order and equipment sale
The company that was formerly known as Acal said results for the year to the end of March demonstrate the degree to which it has successfully transformed into a design and manufacturing-led business over recent years
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
Numis Securities reiterated an ‘add’ rating and 455p price target and its analysts said the event “left us feeling confident about the Group's runway for further growth”
The City broker’s analysts upgraded their full-year 2019-2020 earnings per share forecasts for DiscoverIE by 7-8%, leading them to increase their share price target to 455p