Outlook maintained
Acal expects to report H117 results in line with expectations, with revenue growth of 10% y-o-y and double-digit growth in underlying operating profit. After an expected weak Q1, order intake in Q2 showed improvement. The company is restructuring the Custom Distribution business which should benefit profitability in FY18. We leave our estimates unchanged pending H117 results on 29 November.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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