DiscoverIE Company Research (DSCV)

discoverIE saw a strong finish to the year, with Q426 organic order growth of 15% y-o-y, organic revenue growth of 5% and 6% growth in the order book compared to end-H126. The company expects to deliver FY26 adjusted EPS in line with consensus. Reflecting an increased level of investment to support growing demand, we revise our adjusted EBIT forecasts. This is more than offset by reduced finance costs in FY26. Management has a number of acquisition opportunities in development, which, along with its pipeline of organic opportunities and design wins, positions the company well for further resilient growth.