discoverIE Group PLC

DSCV

Equity

ISIN GB0000055888 / Valor 368874

LSE London Stock Exchange, SETS (2024-09-18)

GBP 6.12-0.33%

discoverIE Group PLC
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About company

discoverIE Group PLC is an international company specializing in the design and manufacturing of electronic components for industrial applications. As a FTSE250 company, discoverIE collaborates with original equipment manufacturers worldwide to provide innovative solutions for their technical needs. With a workforce of approximately 4,700 employees across 20 countries, including Continental Europe, the UK, China, Sri Lanka, India, Thailand, and North America, discoverIE is a key player in the global electronic components market.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

In the latest financial results for Q1 2023, discoverIE Group PLC reported a revenue of £437.0 million. This represents a 3% reduction on a statutory basis compared to the previous year, but a 1% increase when adjusted for constant exchange rates (CER) and pass-through costs.

Operating Profit

discoverIE Group PLC achieved an underlying operating profit of £57.2 million in Q1 2023, marking a 16% increase at CER compared to the same period last year. The underlying operating margin also reached a record level of 13.1%, up from 11.5% in the previous year.

Earnings Per Share

The underlying earnings per share (EPS) for discoverIE Group PLC in Q1 2023 was 36.8p, reflecting a 5% increase from the previous year's 35.2p. This growth in EPS is attributed to higher interest costs and foreign exchange movements.

Profit Before Tax

discoverIE Group PLC reported an underlying profit before tax of £48.2 million for Q1 2023, a 4% increase from the £46.3 million reported in the same quarter of the previous year. However, the reported profit before tax decreased by 24% to £22.2 million due to the timing of a non-core disposal.

Dividend Growth

For Q1 2023, discoverIE Group PLC declared a full-year dividend per share of 12.0p, which is a 5% increase from the 11.45p declared in the previous year. This increase reflects the company's strong financial performance and commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

-13.7%1Y

-47.8%3Y

37.8%5Y

Performance

33.5%1Y

39.6%3Y

41.5%5Y

Volatility