discoverIE Group (LON:DSCV) reported what Chief Executive Nick Jefferies described as an in-line annual performance, with improving momentum through the year and a stronger exit rate as orders and sales returned to organic growth.
Speaking on the company’s results call for the year ended March 26, Jefferies said the group saw “increasing trading momentum through the year,” including organic orders up 14% in the fourth quarter and sales up 5%. For the full year, organic sales rose 2%, with both divisions in growth. The order book increased 5% by the end of the second half compared with the first half, reflecting orders running ahead of sales.
