DiscoverIE Group plc has released its interim results, which can be found on their website. The company specializes in the design, manufacture, and supply of customized electronics for various industries. The press release provides an overview of the company's financial performance for the specified period.
The interim results highlight a strong performance for discoverIE Group plc, with revenue increasing by 15% to £232.7 million compared to the previous year. This growth was driven by both organic growth and acquisitions. The company's order book also saw a significant increase of 18% to £159.2 million.
The press release mentions that discoverIE Group plc's underlying operating profit increased by 20% to £20.1 million, reflecting the company's focus on operational efficiency and cost control. The underlying operating margin also improved to 8.6%.
The company's strategic focus on higher-margin growth markets, such as renewable energy, medical, and transportation, has contributed to its strong performance. The press release states that these markets have shown resilience and continued growth, providing a solid foundation for discoverIE Group plc's future growth.
The interim results also highlight the company's commitment to sustainability and responsible business practices. DiscoverIE Group plc has set ambitious targets to reduce its carbon emissions and improve energy efficiency. The company aims to achieve net-zero carbon emissions by 2030.
The press release concludes by stating that discoverIE Group plc is well-positioned for future growth, with a strong order book, a focus on higher-margin markets, and a commitment to sustainability. The company remains confident in its ability to deliver long-term value for its shareholders.
Overall, the interim results indicate a positive performance for discoverIE Group plc, with strong revenue growth, improved profitability, and a strategic focus on sustainable growth markets.