REG - discoverIE Group plc - Q3 Trading Update

DiscoverieAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260202:nRSB1838Ra&default-theme=true

RNS Number : 1838R  discoverIE Group plc  02 February 2026

For Release

7.00am, 2 February 2026

 

discoverIE Group plc

Q3 Trading Update

 

 

discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Group"), a leading international designer and manufacturer of customised electronics to industry, today issues a trading update for the three months ended 31 December 2025 ("the Period").

 

Group sales in the Period increased by 5% at CER((1)) and by 1%
organically((2)). Group orders increased by 9% at CER during the Period and by
4% organically for a book-to-bill ratio of 1.03x.

 

The Controls operating unit, which has been slower to recover than the other
three operating units, showed an improved trend in sales from the first half,
with organic orders improving and ahead of last year.

 

Gross margins remained robust, working capital tightly managed and cash
generation continues to be strong.

 

The order book gives good coverage for the final quarter, and accordingly, the
Group remains on track to deliver full year adjusted earnings in line with the
Board's expectations.

 

Following receipt of regulatory approval, the acquisition of Keymat Technology
Ltd has now been completed and approval for the acquisition of Trival Antene
d.o.o is in progress. Additionally, there continues to be a healthy pipeline
of acquisition opportunities in development.

 

The Group is well positioned to continue its through-cycle growth both
organically and inorganically.

 

 

For further information, please contact:

 

discoverIE Group
plc
IR@discoverIEplc.com

 

Nick Jefferies             Group Chief Executive

Simon Gibbins            Group Finance Director

Lili Huang                   Head of Investor Relations

 

Burson
Buchanan
020 7466 5000

Chris Lane, Toto Berger

discoverIE@buchanan.uk.com

 

 

Notes

1.    Growth rates refer to the comparable prior year period unless stated.
In calculating CER for the Period, the average Sterling rate of exchange
strengthened 4% against the US Dollar compared to the average rates for last
year, while weakening 5% against the Euro and 7% on average against the three
Nordic currencies.

 

2.     Organic growth for the Group compared with last year is calculated
at CER and is shown excluding the first 12 months of acquisitions post
completion.

 

3.     This trading update is based upon unaudited management accounts and
has been prepared solely to provide additional information on trading to the
shareholders of discoverIE Group plc. It should not be relied on by any other
party for other purposes. Certain statements made in this update are forward
looking statements. Such statements have been made by the Directors in good
faith using information available up until the date that they approved this
update. Forward looking statements should be regarded with caution because of
the inherent uncertainties in economic trends and business risks.

 

 

 

Notes to Editors:

 

About discoverIE Group plc

 

discoverIE Group plc is a leading international group of businesses that
design and manufacture customised 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, high quality customer relationships.

 

With a focus on key markets driven by structural growth, increasing electronic
content and sustainability, namely medical, electrification of transportation,
renewable energy, security and industrial automation & connectivity, the
Group aims to achieve organic sales growth that is well ahead of GDP through
the cycle and to supplement that with complementary acquisitions. The Group is
committed to reducing the impact of its operations on the environment in order
to reach net zero. With its key markets aligned with a sustainable future, the
Group has been awarded an ESG "A" rating by MSCI and is Regional (Europe) Top
Rated and Industry (Technology Hardware) Top Rated by Sustainalytics.

 

The Group employs c.4,500 people across 20 countries with its principal
operating units located in Mainland Europe, the UK, China, Sri Lanka, India
and North America.

 

discoverIE is listed on the Main Market of the London Stock Exchange and is a
member of the FTSE 250, classified within the Electrical Components and
Equipment subsector.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTWPUPCGUPQGMU



            Copyright 2019 Regulatory News Service, all rights reserved