discoverIE trading picks up in fourth quarter as demand accelerates

(Alliance News) - discoverIE Group PLC said growth picked up in its final quarter, and it expects to see further progress in the new year.

The Surrey, England-based designer and manufacturer of electronic components said orders rose 16% on-year at constant currency in the fourth quarter to March 31. They made a 15% stride on an organic basis. Fourth quarter sales rose 6% at constant currency and 5% organically.

"Group trading accelerated in the fourth quarter with all operating units experiencing a strong sequential increase in demand, reflected in both orders and sales," discoverIE said.

For the whole year, orders rose 9% at constant currency and 5% organically. Sales rose 5% on both a reported and constant currency basis. In financial 2025, revenue totalled GBP442.9 million.

"The continued focus on generating efficiencies from our international footprint, together with reducing interest costs, has supported earnings momentum, with the group on-track to deliver another year of growth in adjusted earnings per share in-line with consensus market expectations," the firm added.

It puts adjusted earnings per share consensus at 40.1p, which would represent a 3.6% rise from 38.7p in financial 2025.

"With the acceleration in demand, we made additional investments this year in operating capacity, with further production in Thailand and a new enlarged facility in India, due to complete in the first half of the new financial year, along with additional engineering and sales capacity in the US and Europe to drive further growth," the company said.

"The group has a number of acquisition opportunities in development and along with our pipeline of organic opportunities and design wins, it is very well placed for further resilient growth."

Shares in the company rose 0.7% to 627.50 pence each in London on Friday morning.

By Eric Cunha, Alliance News news editor

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