discoverIE Group PLC, an international designer and manufacturer of custom electronics, has reported continuing positive trading momentum into the new financial year.
The first quarter saw similar organic sales growth as the final three months of last year, with earnings meeting board expectations.
Sales for the period were 4% higher than last year, with a 3% contribution from organic growth, 2% from acquisitions and a 1% reduction from foreign exchange movements.
Gross margins remained resilient, exceeding last year's organically. The order book, having hit a record level in September 2022, has been gradually normalising, providing a strong outlook for the current year.
With a focused growth strategy, diversified customer base, robust order book and a pipeline of acquisition opportunities, DiscoverIE said it is well positioned for further progress.