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Discoverie stock rises following robust trading update despite lower sales

Wed, 16 Apr 2025 06:58:16 -0400

Investing.com -- Investing.com -- Discoverie Group PLC (LON:DSCV) shares climbed +1.4% as the market responded to a pre-close trading update indicating a resilient performance despite lower year-on-year (YoY) sales.

The company reported that FY25F sales were down 7% in constant currency (OCC) terms and 3% in reported terms compared to the previous year, slightly below the Jefferies estimate of a 2% decline.

However, fourth-quarter sales showed signs of recovery, with the S&C division posting a 5% YoY growth in OCC sales, while the M&C division saw a 10% decline due to customer overstocking.

The company's order intake in the fourth quarter was particularly encouraging,

Discoverie stock rises following robust trading update despite lower sales

Wed, 16 Apr 2025 06:58:16 -0400

The company reported that FY25F sales were down 7% in constant currency (OCC) terms and 3% in reported terms compared to the previous year, slightly below the Jefferies estimate of a 2% decline.

However, fourth-quarter sales showed signs of recovery, with the S&C division posting a 5% YoY growth in OCC sales, while the M&C division saw a 10% decline due to customer overstocking.

The company's order intake in the fourth quarter was particularly encouraging,