discoverIE confident on order book and pipeline of acquisition opportunities

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  • The voyage of discoverIE … back on course and full steam ahead
  • 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.

03 Sep 2021

DiscoverIE Group PLC has come a long way since it changed its name from Acal PLC in November 2017.

The name change signified the transformation of the group over the preceding years into a higher margin business focused on design and manufacturing.

The name stands for “discover innovative electronics” so it is not just a trendy mixed-case name designed to irritate journalists and grammar purists.

At the time of the name change, the company was valued at around GBP160mln; less than four years later it is close to being a billion-pound company, with a market capitalisation of GBP920mln.

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03 Sep 2021

DiscoverIE Group PLC splashed out GBP77mln on acquisitions in the US and UK to strengthen and broaden its presence in the customised electronic components sector.

US firm Logic PD Inc (known as Beacon) makes embedded computing boards and is being acquired for GBP80.5mln (GBP58.8mlm) cash.

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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.

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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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