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

Jannie Delucca

The group benefits from a solid and diversified buyer foundation, and demand from customers remains sturdy with fantastic new order consumption in March but it has observed a little bit of disruption to its company of late

discoverIE Team PLC (), the customised electronics maker, mentioned it is nicely prepared to immediately mitigate any disruption from the distribute of the coronavirus.

The group mentioned that the present economic yr, which runs to the stop of March, had observed solid momentum during the yr but noticed some isolated disruption to the company in the fourth quarter as a consequence of the outbreak of the virus.

The wider possible impacts of the pandemic on buying and selling are difficult to forecast but the group reassured shareholders that it remains nicely funded, with a solid equilibrium sheet, fantastic money liquidity and a lot more than £100mln of headroom from its credit card debt

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