Last checked at 26 Jun 2018 16:46
discoverIE Group plc
ANNUAL REPORT AND ACCOUNTS 2018
NOTICE OF ANNUAL GENERAL MEETING 2018
discoverIE Group plc (LSE : DSCV, "discoverIE" or the "Company"), a leading international designer, manufacturer and supplier of customised electronics to industry, has posted to its shareholders the Annual Report and Accounts for the year ended 31 March 2018, together with the Notice of Annual General Meeting and Form of Proxy.
The Report and Accounts and Notice of Annual General Meeting can also be downloaded from the Company's website at www.discoverIEplc.com
Copies of the documents listed below will be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM
*Annual Report and Accounts 2018
* Notice of Annual General Meeting 2018
* Form of Proxy
26 June 2018
For further information, please contact:
discoverIE Group plc
Joanna Harkus Madge - Group Company Secretary 01483 544500
Instinctif Partners 020 7457 2020
Mark Garraway
Helen Tarbet
James Gray
About discoverIE Group plc
discoverIE Group (previously Acal plc) is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.
The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of recurring revenue and long term customer relationships.
By focussing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.
The Group employs c.3,800 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.
The Group is listed on the Main Market of the London Stock Exchange and is a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of £0.4bn. Over the last five years, revenue and underlying earnings per share have doubled.