Company
discoverIE Group PLC
LON:DSCV
discoverIE Group PLC is an international group of businesses that design and manufacture innovative electronic components for industrial applications. The group provides application-specific components to original equipment manufacturers (OEMs) internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. By designing components that meet customers’ unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long-term customer relationships.
173 stories · page 1 of 2
discoverIE Group achieves robust sales growth as operational efficiencies drive strong results
The strong order book and momentum provide a solid base for sustained organic sales growth while further investing in growth initiatives
Hardware & electrical equipment
DiscoverIE on right track with latest acquisition, broker suggests
Areas such as the Industrial Internet of Things (IIoT) will require dependable wireless communication
Hardware & electrical equipment
discoverIE 'more successful' than its peers says Shore Cap after strong first half
The designer and manufacturer of specialised electronic components jumped 7.2% to 671p on Thursday afternoon
Hardware & electrical equipment
discoverIE says first-half sales grow 23% with order book at record high
The designer and manufacturer of customised industrial electronics said it remains on track to meet profit expectations
Hardware & electrical equipment
discoverIE Group shares jump 7.5% after upbeat trading statement
Broker finnCap still thinks there's plenty of headroom for the stock to appreciate
Hardware & electrical equipment
discoverIE says first quarter earnings ahead of forecasts; sales up strongly
The designer and manufacturer of customised industrial electronics is also sitting on a record order book
Hardware & electrical equipment
discoverIE well -placed for a rebound suggests finnCap
"We anticipate a significant re-rating as the market stabilises or recovers”
Hardware & electrical equipment
discoverIE acquires £5mln circuit board bolt-on
"The acquisition will be immediately enhancing to group underlying earnings"
Hardware & electrical equipment
discoverIE Group undervalued as it proves its ability to press on through headwinds
“discoverIE’s components are essential to customer projects but generally only represent a small part of the total cost – a very good position to be in given the current macro pressures,” house broker finnCap opined
Hardware & electrical equipment
discoverIE says well-positioned with a record order book
Management believes supply chain issues and inflation are manageable
Hardware & electrical equipment
DiscoverIE raises guidance after strong finish to the year
The group expects to deliver full-year underlying earnings for continuing operations ahead of the board's previous expectations
Hardware & electrical equipment
discoverIE has pricing power reckons Shore Cap
This is due to the customised and bespoke nature of its component solutions
Hardware & electrical equipment
DiscoverIE achieves 'A' ESG rating
The ‘A’ rating recognises the group's ESG achievements and its strong strategic focus on sustainable development
Hardware & electrical equipment
discoverIE's ability to pass on costs and win orders impresses analysts
Liberum was encouraged that "both the headroom and appetite" for further acquisitions remains, with Shore Capital saying this could help drive operating margin expansion
Hardware & electrical equipment
discoverIE Group reshuffles business units
The order book was also at a record level of £216mln at the end of January
discoverIE sees full-year profit ahead of expectations on continued strong order growth
Orders soared by 64% in the first six months compared with last year and were 34% higher than two years ago, before the pandemic
discoverIE disposal moves company up the value chain
Acal BFi is a lower-margin business and more exposed to cyclical macro changes. Its disposal marks discoverIE’s exit from distribution and "is a positive move up the value chain"
discoverIE disposal makes it a "much higher quality offering" says broker
The company is seen as being well placed to benefit from a range of long-term trends, including increased electrification in industrial applications, increased investment in renewable energy and an increase in AI and sensing in the medical
Proactive news headlines: discoverIE, Sativa Wellness, KR1...
A glance at some of the day's highlights from the Proactive Investors' newswire
Archive
Admiral, Direct Line weak after steep fall in car insurance premiums
A look at Thursday's major share movers on the London Stock Exchange
discoverIE Group overcomes forex headwinds to trade ahead of expectations
The strong order growth previously reported had continued into the second quarter of 2021
discoverIE to sell Vertec to management and key employees of the South African distribution business
Vertec is an importer and supplier of medical equipment and related consumables in South Africa
DiscoverIE upgraded after recent acquisitions
Beacon and Antenova fit entirely with the company's long-established growth strategy.
The voyage of discoverIE ... back on course and full steam ahead
dicoverIE targets underlying earnings per share growth of 10% a year and it was hitting these targets with room to spare until the pandemic altered things dramatically
Archive
Ultra Electronics falls well below takeover price
A look at Friday's major share movers on the London Stock Exchange
DiscoverIE broadens components reach with US and UK purchases
The two acquisitions will cost £77mln funded in part by £55mln share issue
DiscoverIE in all the right sectors, suggests broker
Shares can reach 1,250p in four years if it hits its targets
DiscoverIE Group trading ahead of expectations
With a record order book and a strong pipeline of acquisition opportunities, the group said it is well-positioned to make further progress on its key priorities
DiscoverIE now recovered from pandemic with record order book
The group is looking to pursue more acquisitions thanks to strong free cash flow
DiscoverIE gets price target hiked by Peel Hunt
The broker’s target price was hiked to 835p from 775p
DiscoverIE raises expectations again
The group raised guidance in February but a storming end to its fiscal year has seen it lift expectations again
discoverIE says full-year trading is expected at upper end of expectations
“The recovery through the second half to date and the strong order momentum provides a solid base from which to return to group-wide organic sales growth," the company said
DiscoverIE tipped for upside in the rise of electrification
Shore Capital initiates with a 'buy' recommendation and a 1,250p target price.
discoverIE to acquire German designer and manufacturer of sensors
Limitor, founded in 1979, designs and manufactures custom thermal safety components for industrial markets
discoverIE resumes dividend payments as orders pick up
The group's free cash flow is strong, enabling it to resume dividend payments and start looking at acquisition opportunities again
discoverIE to resume dividend payments as it hits the acquisition trail again
As a result of the resilient trading, improving outlook and strong balance sheet, the group intends to re-instate dividends
discoverIE higher as it highlights strong order book, significant scope for growth
The customised electronics specialist said it expects to resume acquisitions as market conditions improve in the second half of the year
DiscoverIE gets upgrade after results impress Berenberg
The broker’s new price target is 590p and ‘buy’ the investment rating.
discoverIE order book remains strong in face of pandemic
The order book remains strong at £159mln, up 13% year on year, with the three-month order book in the core Design & Manufacturing division at a level consistent with the prior year
discoverIE Group earnings slightly ahead of revised forecasts; encouraged by demand
The group's sales increased by 8% year-on-year at constant currencies in the 12 months to March 31, 2020