Report

Update: Specialist electronics strategy on track

Acal reported H116 results in line with expectations. The strength of sterling continues to weigh on reported revenues and profits, but underlying demand remains strong in Design & Manufacturing and, outside the UK, Custom Distribution is seeing improving demand. The company continues on its path to move up the value chain, taking advantage of opportunities to consolidate the fragmented specialist electronics market.
Underlying
Discoverie Group

discoverIE Group designs, manufactures and supplies electronic products, supplying customers in the transportation, medical, renewable energy and industrial sectors. Co.'s business is focused in five technology areas, which include communication and sensors, imaging and photonics, power and magnetics, microsystems, and electromechanical and cabling. Co. operates across two divisions: Design & Manufacturing, which supplies custom electronic products which are designed or modified from an existing product to customer specifications; and Custom Distribution, which provides technically demanding, customized electronic, photonic and medical products to industrial manufacturers.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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