discoverIE Group plc is an independent designer, manufacturer and supplier of electronic components. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It operates with 4400 employees in 24 countries with its headquarters is in the UK. It reported strong organic growth in H122, up 8% compared to pre-COVID H120, and the underlying operating margin increased 0.8pp y-oy to 10.3%. It is now solely focused on its design and manufacturing business with the disposal of the distribution business agreed and has revised key strategic targets to reflect this. discoverIE expects to continue to grow the business and expand operating profitability to 13.5% by FY25.
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