(via NewsDirect)
Jefferies gives an overview of the figures, highlighting a 17% increase in operating profits on 4% sales growth. This success translates into an 8% rise in both profit before tax and earnings per share, alongside a significant 25% boost in cash flow.
Jefferies also highlights the company's sustained growth trajectory, having expanded by over 50% in the past three years. He attributes this success to a balanced strategy of driving top-line growth and achieving operational efficiencies as the company scales up.
Despite what he calls the cyclical nature of the market and a general economic slowdown post-COVID, discoverIE has demonstrated resilience and continued momentum, particularly through operating efficiencies and robust cash flow.
Looking ahead, Jefferies expressed confidence in the company's position, with a focus on navigating through the industry's inventory correction phase and continuing to drive growth. He also affirms the company's readiness for further acquisitions, supported by a strong balance sheet and ample banking facilities, expecting more acquisitions in the latter half of the year.
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