discoverIE Group - Growth strategy drives strong FY19 results
discoverIE generated another year of strong organic growth, which combined with recent design and manufacturing (D&M) acquisitions, helped expand operating margins and grow underlying EPS by 22%. The company entered FY20 with a strong order book and in line with its growth strategy we expect further higher margin D&M acquisitions which could boost EPS growth to the 15–20% rate it has seen in recent years.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.
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