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discoverIE beats margin target

Design wins supported order numbers as industrial demand weakness continued
discoverIE beats margin targetPublished on December 3, 2024
  • Free cash flow up 46 per cent over last 12 months
  • Year-on-year net debt down 8 per cent

discoverIE (DSCV) shares surged by 18 per cent after the customised electronics designer and manufacturer delivered a better-than-expected operating margin in its first half and maintained annual guidance despite destocking headwinds. 

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