Flash note: Growth initiatives progressing well
Acal’s IMS confirms trading in line with expectations. Revenue growth over the period exceeded 30% on a reported basis and 40% on a constant currency basis. Underlying growth continues at a similar rate to H115 for both divisions, and internal sales initiatives and recent acquisitions are making good progress. The company expects to meet underlying EPS growth expectations for FY15, hence we make no change to our estimates.discoverIE Group designs, manufactures and supplies electronic products, supplying customers in the transportation, medical, renewable energy and industrial sectors. Co.'s business is focused in five technology areas, which include communication and sensors, imaging and photonics, power and magnetics, microsystems, and electromechanical and cabling. Co. operates across two divisions: Design & Manufacturing, which supplies custom electronic products which are designed or modified from an existing product to customer specifications; and Custom Distribution, which provides technically demanding, customized electronic, photonic and medical products to industrial manufacturers.
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