Report

Update: FY15 trading in line

Acal expects to report FY15 results in line with expectations, with revenue growth of 28% y-o-y. Both divisions showed organic growth on a constant currency basis and recent acquisitions are performing as expected. The company is focused on driving organic growth and seeking out value-enhancing acquisitions, although this is likely to be partially offset by currency translation headwinds. To reflect the strength of sterling against the euro and the Norwegian krone, we have trimmed our FY16 revenue and EPS forecast by 3.2% and 5.2% respectively.
Underlying
Discoverie Group

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.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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