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DiscoverIE Group expecting "higher contribution from acquisitions" this year

DiscoverIE Group expecting "higher contribution from acquisitions" this year

discoverIE Group PLC (LSE:DSCV) CEO Nick Jefferies speaks to Proactive following the release of preliminary results for the twelve months to 31st March 2023 - a period he says the electronic component manufacturer was "very happy with."

He gives his take on the highlights from the year before turning to the future, noting the likelihood of lower organic growth as the tailwinds from the Covid-19 pandemic continue to ease.

"As we move into a lower organic growth environment... this year going forward its going to be the opposite - slightly lower organic growth but with a higher contribution from acquisitions."

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