discoverIE Group plc

We'd like to take this opportunity to say a huge thank you to all our customers, partners and colleagues. We've achieved some fantastic results in 2024 - none of which would've been possible without you. We're looking forward to seeing what the new year brings! Here's to 2025. #discoverIE

Sens-Tech, a discoverIE company, is helping to ease the pressure on airports this festive season with their advanced XDAS platform - a comprehensive range of single and dual-energy detection electronics driving leading airport CT scanning solutions. The innovative CT technology is replacing older ‘2D’ X-ray scanners to enhance detection capabilities for carry-on baggage, allowing passengers to keep liquids and electronics in their luggage. This new simplified system will help to process up to 30% more passengers per hour, which will make a significant difference during the busy holiday period. Learn more: https://lnkd.in/eKDApvws #Security #Electronics #Innovation #XRayDetection #Transport

Here at discoverIE, we're on a mission to create innovative electronics that contribute to a more sustainable world. To help us achieve this, we focus on five target markets that align closely with the UN Sustainable Development Goals. We also work closely with our businesses to create positive impacts through our own operations. In recent years, we've made significant investments to reduce Scope 1 & 2 emissions across the Group - and we're pleased to share that 72% of the Group’s electricity is now sourced from renewable or clean sources! MTC Micro Tech Components GmbH, a discoverIE company, is helping to drive further progress with their carbon neutral headquarters in Dillingen. The new building not only doubles the space available for current and future employees but also aligns with our focus on sustainability and resource conservation. Matthias Kronmüller, Managing Director of MTC, shares more in the video below. #SustainableDevelopment #Sustainability

Our Half Year Results are in, highlighting strong progress against our strategy over the last six months. ⬆️ Operating profit +4% at constant exchange rate (CER), driven by higher gross margin and operational efficiencies ⬆️ Record operating margin of 13.8%, up 100 bpts, ahead of FY25 target of 13.5% ⬆️ Sales down 4% yoy CER as supply chains normalise ⬆️ Orders +8% yoy CER. Organically, orders +1% yoy and +5% sequentially. Order book of £163m, equating to c.4.5 months of sales ⬆️ Excellent operating and free cash flows, with >100% conversion rate for both. Gearing reduced to 1.45x, below the 1.5x-2x target range ⬆️ Completed one bolt-on acquisition (HiVolt) for 6x EBIT multiple ⬆️ Current trading – in line with expectations, with order runrate ahead of sales ⬆️ On track to deliver full year underlying earnings in line with Board’s expectations Our Group Chief Executive, Nick Jefferies, adds: “discoverIE delivered a resilient first half performance with a 4% increase in underlying operating profit and growth in operating margins to 13.8%, ahead of our near-term target. With a flexible operating model, we are able to control costs in response to lower production volumes, which along with ongoing efficiency initiatives and accretive acquisitions, has more than offset lower sales at the low point of the cycle. This is a great strength of the business that has delivered improved underlying operating profits and margins in each of the last ten years. The Group continues to deliver excellent free cash flow, with a conversion rate of 126% over the last 12 months. This, together with expected cash flow in the second half, provides balance sheet funding of c.£70m for further acquisitions. We remain focused on generating above market growth through the cycle and our design win pipeline remains strong. This, along with our pipeline of acquisition opportunities, is our engine for growth and we remain on track to deliver full year underlying earnings in line with the Board’s expectations." Read more https://lnkd.in/gjQgM4R4 #Results #Growth #discoverIE

Here at discoverIE, we pride ourselves on offering world-leading solutions that drive innovation for our customers. Silvertel, a discoverIE company, is doing exactly that with the Ag9900: The world’s smallest PoE module! The Ag9900 series measures just 21mm X 14mm X 8mm - 40% smaller than any other PoE solution on the market. This miniature but mighty module is compact, low-cost and fully compliant with the IEEE 802.3af PoE standard, making it ideal for space-constrained applications, including IP cameras, thermostats, smoke detectors and room sensors. Explore the specs: https://lnkd.in/dnnajqtA #PoE #Innovation #PowerOverEthernet

We currently employ over 4,500 people in 20 countries (and counting!) across the Americas, Europe and Asia 🌍 Whilst we are a global company, we're also a local operator. For our customers, this means better support, shorter delivery lead times and a reliable supply of products. For the communities in which we operate, this means more job and development opportunities and stronger support for socio-economic growth. Learn more about our approach on page 28 of our annual report: https://lnkd.in/eyZBAJ2P #Culture #Community #Growth

We're thrilled to announce that Hivolt Capacitors is now part of the discoverIE Group! Joining our Sensing & Connectivity division, Hivolt specialises in designing and manufacturing custom-built capacitors for high voltage applications. Bringing a global customer base and a catalogue of over 1,000 products, this acquisition is set to strengthen our position in the electronics market and enhance our offering across key target sectors, including medical and transportation. #Acquisition #Growth #discoverIEgroup

We're looking forward to attending Investec's annual UK CEO Conference next week! Bringing together CEOs and CFOs from some of the UK's most successful companies, this year’s conference promises plenty of opportunities to network, discuss future plans and share valuable investor insights for the year ahead. #Conference #Networking #InvestorInsight

Here at discoverIE, we're focused on providing innovative electronics that create positive impact across four UN SDG-aligned target markets - renewable energy, transportation, medical and industrial automation and connectivity. Our work within the medical sector is aligned closely with Sustainable Development Goal 3, helping to enhance patient care and treatment through wearable technology and other medical devices. Variohm Group, a discoverIE company, is powering progress within this space with their custom sensor solutions designed for use across a range of medical applications. ✔️ Cable extension transducers: Ensure correct patient positioning within MRI and CT scanners. ✔️ Pressure switches: Used within oxygen tanks, DNA sampling machines, medical breathing apparatus and other medical equipment to ensure safe and reliable operation. ✔️ Piezo sensors: Enhance patient monitoring, including use in pulse measurement, stethoscopes and sleep studies. ✔️ Thermistor sensors: High-sensitivity temperature sensors are ideal for use within FDA registered and CE/MDD approved medical temperature probes. Find out more: https://lnkd.in/eJDm4mKr #Sensor #SDG #2030Agenda

Congratulations to Beacon EmbeddedWorks, a discoverIE company, for winning this year's Best in Show Award at embedded world Exhibition&Conference North America! While their latest release, the Beacon W5+ SoM, helped them secure the award, boasting lightning-fast performance, ultra-low power consumption and a super compact design, ultimately, none of this would've been possible without the team behind it all. Ankur Tandon, CEO of Beacon EmbeddedWorks, adds, "This award serves as a recognition of our commitment to providing customers with the most advanced, industry-leading embedded computing solutions...Over the last 20+ years, Beacon has consistently given our customers exactly what they need - unique, feature-dense SoMs in an ultra-small form factor to enable innovations.” Well done to everyone involved! 👏 #SoM #EngineeringExcellence #Innovation #SystemOnModules