Adam Strydom
Apr 19, 20221 min
discoverIE Group plc continued to see strong order intake and sales in the final months of FY22, closing the year ahead of board expectations. Revenue grew 25% y-o-y (17% organic growth) and orders by 36%, resulting in a record order book. Edison Group upgraded its underlying EPS forecasts by 4.0% for FY22 and 2.5% for FY23. The stock trades towards the upper end of its broader UK electronics peer group on a P/E basis, but trades more in line with peers with a similar decentralised operating model (such as Halma and Diploma). discoverIE is a leading international designer and manufacturer of customised electronics to industry, supplying customer-specific electronic products and solutions to original equipment manufacturers.
#technology#electronicsKatherine Thompson
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