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Raising the Bar

For FY23, discoverIE Group plc reported double-digit organic revenue growth, operating margin expansion to 11.5% and strong free cash generation. On track to meet its FY25 operating margin target of 13.5%, the company has set a more testing target of 15% by FY28. Edison Group has upgraded their forecasts, which reflect more modest revenue growth than in FY23 as the order book normalises and continued operating margin expansion, and they expect further M&A activity to boost growth and profitability.

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