DiscoverIE FY earnings seen in line with internal expectations.

Electronic components manufacturer DiscoverIE said on Thursday that it remains on track to deliver full-year underlying earnings in line with internal expectations.

Discoverie Group
30 January 2025 09:03:44

Source: Sharecast

DiscoverIE said group sales were flat year-on-year in the three months ended 31 December, with organic sales down 3% year-on-year. On a divisional level, S&C continued to lead the recovery cycle with a return to organic sales growth, while M&C remained negative.

Gross margins continued to be “robust”, with operating costs and working capital tightly managed, while the firm’s order book increased by 4% and its book-to-bill ratio increased to 1.01 from 0.98 in the first half. DiscoverIE also said cash generation continued to be “strong”.

“With an excellent pipeline of organic and inorganic opportunities and strong cashflow, the group is well positioned to deliver sustained growth as markets recover,” said DiscoverIE.

As of 0900 GMT, DiscoverIE shares were up 1.90% at 643.0p.

Reporting by Iain Gilbert at Sharecast.com

N/A

ISIN: N/A

Exchange: N/A

Sell:

N/A

Buy:

N/A

Change:

Date:

Prices delayed by at least 15 minutes

Chart not available

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.