discoverIE confident on order book and pipeline of acquisition opportunities

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  • DiscoverIE Group trading ahead of expectations
  • DiscoverIE in all the right sectors, suggests broker
  • 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.

29 Jul 2021

DiscoverIE Group PLC said its performance in the first quarter of its financial year was ahead of the board’s expectations.

The designer, manufacturer and supplier of customised electronics to industry said the strong growth reported in the second half of the previous financial year had continued into the April-June quarter. Revenue was not only significantly ahead of the Coronavirus (COVID-19)-affected corresponding period of 2020 but also ahead of the same period in 2019.

Gross margins remained stable while sterling’s performance was helpful to the company this time around and rrganic growth was similar in both of the group’s divisions.

Group sales in the quarter were up 21% year-on-year on a constant exchange rates (CER) basis, and were up 16% on a like-for-like (LFL) basis on last year and up 10% on two years ago.

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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.

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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.

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29 Jul 2021

discoverIE Group PLC has the potential to reach a share price of 1,250p within four years, according to broker Shore Capital, as it looks increasingly likely the group will meet its targets.

“We expect the company’s consistent double-digit EPS growth to continue as end markets recover post-pandemic and highlight the group’s increasing exposure to attractive end markets.

“The company is well placed to benefit from a range of long-term trends, in our view, including increased electrification in industrial applications, rail transportation, increased investment in renewable energy and an increase in AI and sensing in the medical sector.

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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…

on 3/6/21

4 min read

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