Dec 03, 2024 / 09:30AM GMT
Nicholas Jefferies - discoverIE Group plc - Group Chief Executive Officer, Executive Director, Member of the Management Committee
Good morning, everybody. Thank you very much for attending to hear the talk through the half year results for discoverIE to the end of September. So let's just take you through the highlights. So here today are Bruce Thompson, our Chairman; Simon, our Finance Director; and obviously, me.
So we'll start with a few highlights, and then I'll hand over to Simon to take you through the details. So this has been a tricky period from a sales perspective. Sales were down 4%, organically down 10%, but we're very pleased to say that despite that, our operating profit EBIT up 4% with operating margins up to a record high of 13.8%. That's up 1 percentage point on a CER basis. So notwithstanding a softer sales environment, which is all about the destocking that we'll talk about later, the cost management, the efficiencies program, the pricing policies, et cetera, have all enabled us to build or continue a decent operating result.
In addition to that, orders were up 1%
Half Year 2025 discoverIE Group plc Earnings Call Transcript
Dec 03, 2024
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