discoverIE Group PLC confident on order book and pipeline of acquisition opportunities

DiscoverIE Group PLC () said the current financial year has started well with a record order book.

The designer, manufacturer and supplier of customised electronics for use by industry said strong order intake continues and is ahead of sales, which have grown over the last two years.

During the last financial year, the second half saw a strong recovery following the uncertainty of the first half, with orders increasing organically by 12{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} and the group returning to organic sales growth by year-end.

Together with robust gross margins and tight management of expenditure throughout the year, underlying earnings ended the year ahead of expectations.