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.
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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
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