discoverIE Group overcomes forex headwinds to trade ahead of expectations
The strong order growth previously reported had continued into the second quarter of 2021
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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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
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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