discoverIE Group

discoverIE Group (LSE: DSCV)

Currency in GBP

Last close As at 20/09/2023

GBP7.05

▲ −5.00 (−0.70%)

Market capitalisation

GBP684m

Overview
Price performance
Financials
Research
Thematics

discoverIE is a leading international designer and manufacturer of customised electronics to industry, supplying customer-specific electronic products and solutions to original equipment manufacturers.

discoverIE specialises in the design and manufacture of technically demanding, bespoke electronics for industrial applications with operations throughout Europe and increasingly outside Europe. The company is focused on four target markets comprising three-quarters of group sales – renewables, electrification of transportation, medical and industrial & connectivity – all of which are long-term structural growth markets.

Latest Insights

TMT |
edison tv

14.09.23

discoverIE – executive interview

TMT |
Update

14.09.23

discoverIE Group — Creating an industrial wireless connectivity cluster

TMT |
Flash note

02.08.23

discoverIE Group — Adding power-over-ethernet capability

TMT |
Flash note

25.07.23

discoverIE Group — Trading on track in Q124

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Sector

TMT

Equity Analyst

Katherine Thompson

Director

Key Management

Bruce Thompson

Non-exec chairman
Greg Davidson

Company secretary
Lili Huang

Head of Investor Relations
Nick Jefferies

CEO
Simon Gibbins

FD

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(3.4)	(22.1)	(0.7)
Relative	(8.9)	(23.4)	(6.6)
52 week high/low	938.0p/626.0p

Financials

discoverIE has acquired 2J Antennas Group, a Slovakian-based designer and manufacturer of antennas, for €52.5m/£45m in cash from existing facilities. As a technology platform acquisition, 2J will be combined with Antenova to create a new technology cluster for industrial wireless connectivity. The acquisition is expected to be accretive to underlying earnings in the first full year post completion; we maintain our FY24 underlying EPS forecast and raise our FY25 forecast by 0.8%.