DiscoverIE Group plc released its preliminary results for the fiscal year ended March 31, 2025, highlighting strong performance despite challenging economic conditions. The company reported a 3% decrease in revenue, amounting to £422.9 million, while adjusted operating profit increased by 8% to £60.5 million. The adjusted operating margin improved to 14.3%, surpassing the companys target of 13.5%. discoverIEs flexible production model and operational efficiencies helped mitigate the impact of lower sales. The company also reported excellent cash flow, with a conversion rate of 106%, well <mark style="background-color:yellow">above</mark> its 85% target.
The companys order book at the end of the fiscal year stood at £161 million, representing 4.5 months of annualized sales, providing good visibility for the upcoming year. discoverIEs strong performance was driven by its focus on key markets with structural growth, increasing electronic content, and sustainability. The companys total market opportunity has expanded to over $30 billion with the addition of the security market as a fifth target market.
discoverIEs adjusted earnings per share increased by 5% to 38.7p, and the Board recommended a 4% increase in the final dividend, resulting in a 4% increase in the full-year dividend per share to 12.5 pence. The companys gearing ratio of 1.3x is below the lower end of its target range, providing significant funding capacity for future acquisitions.
Overall, discoverIE Group plc demonstrated resilience and strong financial performance despite challenging market conditions, positioning itself well for continued growth and development.
| Year | Revenue | Adjusted Operating Profit | Adjusted Operating Margin | Adjusted Profit Before Tax | Adjusted EPS | Reported Profit Before Tax | Reported Fully Diluted EPS |
|---|---|---|---|---|---|---|---|
| 2024/25 | £422.9m | £60.5m | 14.3% | £50.1m | 38.7p | £32.0m | 25.0p |
| 2023/24 | £437.0m | £57.2m | 13.1% | £48.2m | 36.8p | £22.2m | 15.8p |