# discoverIE delivers order growth and completes Keymat acquisition

- Link: https://www.directorstalkinterviews.com/discoverie-delivers-order-growth-and-completes-keymat-acquisition/4121237717
- Published: 2026-02-02T07:43:29+00:00
- Author: Amilia Stone

**discoverIE Group plc **(LON:DSCV), a leading international designer and manufacturer
of customised electronics to industry, has issued a trading update for the three
months ended 31 December 2025.

Group sales in the Period increased by 5% at CER^((1)) and by 1% organically^((2)).
Group orders increased by 9% at CER during the Period and by 4% organically for 
a book-to-bill ratio of 1.03x.

The Controls operating unit, which has been slower to recover than the other three
operating units, showed an improved trend in sales from the first half, with organic
orders improving and ahead of last year. 

Gross margins remained robust, working capital tightly managed and cash generation
continues to be strong.

The order book gives good coverage for the final quarter, and accordingly, the Group
remains on track to deliver full year adjusted earnings in line with the Board’s
expectations.

Following receipt of regulatory approval, the acquisition of Keymat Technology Ltd
has now been completed and approval for the acquisition of Trival Antene d.o.o is
in progress. Additionally, there continues to be a healthy pipeline of acquisition
opportunities in development.  

discoverIE Group is well positioned to continue its through-cycle growth both organically
and inorganically.

**Notes**                               

1.    Growth rates refer to the comparable prior year period unless stated. In calculating
CER for the Period, the average Sterling rate of exchange strengthened 4% against
the US Dollar compared to the average rates for last year, while weakening 5% against
the Euro and 7% on average against the three Nordic currencies.

2.     Organic growth for the Group compared with last year is calculated at CER
and is shown excluding the first 12 months of acquisitions post completion.

3.     This trading update is based upon unaudited management accounts and has been
prepared solely to provide additional information on trading to the shareholders
of discoverIE Group plc. It should not be relied on by any other party for other
purposes. Certain statements made in this update are forward looking statements.
Such statements have been made by the Directors in good faith using information 
available up until the date that they approved this update. Forward looking statements
should be regarded with caution because of the inherent uncertainties in economic
trends and business risks.

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