London · Delayed Price · Currency is GBP · Price in GBX discoverIE Group Earnings Call Transcripts
Fiscal Year 2026
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Record H1 profitability and cash flow were achieved, with organic sales and orders rebounding in Q2. Operating margin rose to 14%, EPS grew 6%, and free cash flow conversion exceeded 100%. Controls division is expected to stabilize in H2, supporting further margin recovery.
Fiscal Year 2025
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Operating profit and margins hit record highs despite a 2% sales decline, with strong cash flow and EPS growth. Sensing & Connectivity outperformed, while Magnetics & Controls lagged but showed late recovery. Margin targets were raised, and the outlook remains positive.
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Sales fell 4% but operating profit and margins hit record highs, driven by cost control and efficiencies. S&C division orders surged 20% organically, while M&C remains affected by destocking, though sequential improvement is seen. Strong cash flow and disciplined capital allocation support ongoing M&A and margin targets.
Fiscal Year 2024
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A clear strategy and disciplined execution have transformed the group into a high-margin, innovation-driven electronics leader, targeting 15% operating margin and net zero by 2030. Growth is fueled by product innovation, operational efficiencies, and a robust acquisition pipeline, with only 2% market share in a $30bn market.
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Revenue grew 1% at CER, with strong margin and cash flow gains despite industrial destocking. Five acquisitions and a solar business disposal were completed, with robust design wins and a strong acquisition pipeline positioning for future growth. FY 2025 outlook remains positive.