DiscoverIE Q4 trading accelerates, FY orders and sales both rise

(Sharecast News) - Customised electronics manufacturer DiscoverIE said on Friday that trading had accelerated sharply in the fourth quarter, capping off a solid full‑year performance as all operating units saw a strong sequential pickup in demand across both orders and sales. DiscoverIE said Q4 orders rose 16% at constant exchange rates and 15% organically, remaining ahead of sales for a third consecutive quarter as customers increased short‑term demand and extended order periods. Q4 sales were up 6% at constant exchange rates and 5% organically, with acquisitions contributing a further 1%.

The FTSE 250-listed group highlighted particularly strong momentum in its magnetics and controls division, driven by major industrial and medical customers, while its sensing and connectivity unit benefited from improved orders in industrial, security and wireless markets.

For the full year, group orders increased 9% at constant exchange rates and 5% organically, with DiscoverIE's order book up 6% on the first half. Full‑year sales rose 5% and 2% organically, supported by resilient gross margins and ongoing efficiency gains.

DiscoverIE stated it remained on track to deliver adjusted earnings per share in line with consensus estimates of 40.1p consensus, with year‑end gearing expected to fall to around 1.2x, or 1.7x including its recently completed acquisition of Slevenian communication antennae manufacturer Trival.

It also noted that its pipeline of acquisitions and design‑win opportunities had left the company "very well placed for further resilient growth".

As of 0845 BST, DiscoverIE shares were XXXX.

Reporting by Iain Gilbert at Sharecast.com

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