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

Truman Slate

The group added benefits from a strong and diversified shopper base, and demand from customers remains sturdy with fantastic new purchase ingestion in March but it has found a bit of disruption to its business of late

discoverIE Team PLC (), the customised electronics maker, reported it is very well well prepared to promptly mitigate any disruption from the unfold of the coronavirus.

The group reported that the current monetary 12 months, which operates to the conclude of March, experienced found strong momentum throughout the 12 months but observed some isolated disruption to the business in the fourth quarter as a outcome of the outbreak of the virus.

The wider likely impacts of the pandemic on trading are hard to predict but the group reassured shareholders that it remains very well funded, with a strong balance sheet, fantastic income liquidity and a lot more than £100mln of headroom in opposition

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