Last checked at 15 Mar 2018 07:00
7.00am, 15 March 2018
discoverIE Group plc
Notice of Capital Markets Day
discoverIE Group plc (LSE: DSCV, "discoverIE" or the "Group"), a leading international designer, manufacturer and supplier of customised electronics to industry, will be holding a Capital Markets Day for investors and analysts this afternoon in London.
The event will include a series of presentations by executive and operational management to give greater insight into the Group as well as product demonstrations to showcase discoverIE's innovative electronics.
No new material trading information will be disclosed. A trading update for the year ending 31 March 2018 will be published on 19 April 2018.
A copy of the presentation will be made available on the Group's website, www.discoverieplc.com, later today.
For further information please contact:
Instinctif 020 7457 2020
Mark Garraway
Helen Tarbet
James Gray
Notes to Editors:
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.