discoverIE Group PLC prepared to quickly mitigate the effects of the coronavirus pandemic

Elvera Bartels

The group added benefits from a sturdy and diversified purchaser base, and need remains robust with very good new order ingestion in March but it has viewed a bit of disruption to its enterprise of late

discoverIE Group PLC (), the customised electronics maker, reported it is well prepared to rapidly mitigate any disruption from the distribute of the coronavirus.

The group reported that the current economical yr, which runs to the end of March, experienced viewed sturdy momentum all through the yr but noticed some isolated disruption to the enterprise in the fourth quarter as a result of the outbreak of the virus.

The wider likely impacts of the pandemic on buying and selling are hard to forecast but the group reassured shareholders that it remains well funded, with a sturdy balance sheet, very good hard cash liquidity and much more than £100mln of headroom from its financial debt

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