DSCV Discoverie Group

EQS-News: discoverIE Group profits jump in 'very strong first half'

EQS-News: discoverIE Group PLC
discoverIE Group profits jump in 'very strong first half'

23.11.2022 / 13:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Proactive

Proactive UK Ltd

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News Source: News Direct

23.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com
Language: English
Company: discoverIE Group PLC
United States
ISIN: GB0000055888
EQS News ID: 1494845

 
End of News EQS News Service

1494845  23.11.2022 CET/CEST

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EN
23/11/2022

Underlying

DSCVDiscoverie Group

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Reports on Discoverie Group

Richard Williamson
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discoverIE Group - Moving in the right direction

In H125, discoverIE used its flexible operating model and ongoing efficiency initiatives to drive underlying operating profit growth despite a 5% revenue decline. Customer destocking has abated during H1 and order intake was 7% higher year-on-year and 1% higher on an organic basis. Strong design win activity positions the company for growth as customer demand returns. Management maintained its earnings outlook for FY25 and in addition to improving customer demand, lower interest rates should sta...

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discoverIE Group - Orders stabilising, EPS & margin targets on track

discoverIE’s H125 trading update confirmed that underlying earnings expectations for FY25 are unchanged. Destocking by industrial customers reduced in H125, with some now starting to place orders, resulting in a stabilisation in group order intake. Design wins in H125 with an estimated lifetime value (ELV) of £205m provide a strong foundation for future growth once destocking is complete. We maintain our FY25 and FY26 EPS forecasts despite reducing our revenue forecasts to reflect FX headwinds a...

DSCV DISCOVERIE GROUP
10/16/24 October 16, 2024 1 EN
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DiscoverIE Group Plc: 4 directors

Four Directors at DiscoverIE Group Plc bought 48,211 shares at between 618p and 634p. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...

DSCV DISCOVERIE GROUP
10/15/24 October 15, 2024 1 EN
Richard Williamson
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discoverIE Group - Moving into the next growth phase

discoverIE’s first capital markets day (CMD) in six years was an opportunity for the group to recap how via its buy-and-build strategy it has successfully grown the company from a market cap of £25m in 2009 to £592m today, while transforming the business from an electronics distributor to a pure-play specialist electronics design and manufacture company. Management also outlined how it expects to drive future growth and profitability. New at the CMD was the announcement of an additional target m...

DSCV DISCOVERIE GROUP
09/18/24 September 18, 2024 1 EN
Richard Williamson
  • Richard Williamson
DSCV Discoverie Grou...

discoverIE Group - FY25 earnings expectations maintained

discoverIE’s Q125 trading update confirmed that underlying earnings expectations for FY25 are unchanged. While the Q125 revenue decline reflects the lower bookings environment in previous quarters, book-to-bill was above one and bookings increased organically year-on-year despite ongoing destocking by customers in the industrial market. Robust gross margins and a well-controlled cost base support the company’s 13.5% target operating margin for FY25 and we maintain our forecasts.

DSCV DISCOVERIE GROUP
07/26/24 July 26, 2024 1 EN

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