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

The team advantages from a strong and diversified purchaser foundation, and demand continues to be robust with great new buy intake in March but it has found a bit of disruption to its organization of late

discoverIE Group PLC (), the customised electronics maker, mentioned it is well geared up to speedily mitigate any disruption from the unfold of the coronavirus.

The team mentioned that the latest financial yr, which operates to the stop of March, had found strong momentum through the yr but noticed some isolated disruption to the organization in the fourth quarter as a result of the outbreak of the virus.

The broader probable impacts of the pandemic on trading are tricky to predict but the team reassured shareholders that it continues to be well funded, with a strong harmony sheet, great income liquidity and a lot more than £100mln of headroom versus its financial debt services.

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