discoverIE sales and profit rise and order growth provides visibility

(Alliance News) - discoverIE Group PLC on Wednesday reported "robust" annual results with strong levels of organic orders and sales growth continuing into the new financial year.

The Surrey, England-based designer and manufacturer of electronic components said pretax profit rose 13% to GBP36.1 million in the financial year to March from GBP32.0 million the year prior.

Adjusted pretax profit rose 3.6% to GBP51.9 million from GBP50.1 million, while adjusted operating margin declined to 13.8% from 14.3%.

Fully diluted earnings per share rose 18% to 29.4 pence from 25.0p.

Revenue grew 4.8% to GBP443.3 million from GBP422.9 million, or 2% organically, with improving organic trends through the year culminating in 5% organic growth in the final quarter.

Orders increased by 9% in the year and by 5% organically, with North America up by 10% organically and Asia up 24% partially offset by Europe which was flat. Demand increased through the year with organic growth in the final quarter of 14%.

The order book at March 31 was GBP165 million, 5% higher than at the end September 2025 and 2% higher than last year end.

"This represents [around] 4.5 months of annualised second half sales and provides good visibility of growth for the new financial year," the firm noted.

Chief Executive Nick Jefferies said: "The group has delivered another set of robust results where profits and earnings reached new highs and the business saw a return to strong levels of organic orders and sales growth by the year end, which has continued into the new year."

The outlook for the financial year ahead is "positive" with full year adjusted earnings in line with board expectations, the CEO said.

"First quarter trading has started well with strong growth in orders and further good sales growth and orders running well ahead of sales," he added.

discoverIE declared a final dividend of 8.95p per share, up 4.1% from 8.60p a year ago, giving a total payout of 13.0p per share, up 4.0% from 12.5p.

The firm said it believes in "maintaining a progressive dividend policy" adding share buybacks will be considered if the group has surplus cash.

Shares were down 2.3% to 760.00p each in London on Wednesday but are 20% higher than a year ago.

By Jeremy Cutler, Alliance News reporter

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