discoverIE Group plc (DSCV.L) issued a trading update for its financial year ended 31 March 2024. Group sales for the year were 1% ahead of last year at CER. Net revenue growth of 2% this year from acquisitions, less disposals, was partly offset by a 1% reduction in organic sales.
The Group expects second half underlying operating margin to be ahead of the first half, making further good progress towards medium term target of 15%. The Group said it is on track to deliver growth in full year underlying earnings in-line with the Board's expectations.
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