discoverIE confident on order book and pipeline of acquisition opportunities

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  • DiscoverIE now recovered from pandemic with record order book
  • DiscoverIE gets price target hiked by Peel Hunt
  • discoverIE Group ‘very strong second half across all of our operations’
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Quick facts: discoverIE Group PLC

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discoverIE (LSE: DSCV) is an international group of businesses that designs, manufactures and supplies highly differentiated, innovative components for electronics applications.

The Group provides application-specific components to original equipment manufacturers (“OEMs”) internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating revenue basis, for their ongoing production needs. This generates a high level of recurring revenue and long term customer relationships.

03 Jun 2021

DiscoverIE Group PLC () said the current financial year has started well with a record order book.

The designer, manufacturer and supplier of customised electronics for use by industry said strong order intake continues and is ahead of sales, which have grown over the last two years.

During the last financial year, the second half saw a strong recovery following the uncertainty of the first half, with orders increasing organically by 12% and the group returning to organic sales growth by year-end.

Together with robust gross margins and tight management of expenditure throughout the year, underlying earnings ended the year ahead of expectations.

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20 Apr 2021

DiscoverIE Group PLC () expects earnings for the fiscal year just ended to be at the upper end of market expectations.

The designer, manufacturer and supplier of customised electronics for use by industry said trading momentum continued to strengthen in February and March.

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09 Feb 2021

discoverIE Group Plc () told investors that trading continued to strengthen in the four months ended January 31 2020.

The electric components company, in a statement, highlighted that its trading performance for the twelve months to March 31 is expected to land at the upper end of market expectations.

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20 Apr 2021

Broker Peel Hunt upgraded its forecasts and target price for discoverIE Group PLC () after the company’s upbeat trading update.

Analysts now expected adjusted profit before tax of GBP29.6mln and earnings per share of 24.5p, up 8% on their previous forecast.

The broker’s target price was hiked to 835p from 775p and it reiterated its ‘buy’ recommendation.

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03 Jun 2021

discoverIE Group’s () Nick Jefferies speaks to Proactive London about their preliminary results for the year ended 31 March 2021. Jefferies has hails a strong second half recovery with a record order book and excellent cash generation.

Second half orders were up 12% organically and 40% above the first half. He says trading has been ‘very resilient’ with a record year end order book, up 11% organically to GBP181m.

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discoverIE Group ‘very strong second half across all of our operations’

discoverIE Group’s (LON:DSCV) Nick Jefferies speaks to Proactive London about their preliminary results for the year ended 31 March 2021. Jefferies has hails a strong second half recovery with a record order book and excellent cash generation.

Second half orders were up 12% organically and…

12 hours, 17 minutes ago

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